PETALING JAYA: AirAsia Bhd’s share price fell to a fresh low of 78 sen yesterday, down nine sen on active trade and concerns regarding its Indonesian affiliate.
Year-to-date, the airline’s share price has dropped more than 70%.
For the second quarter ended June 30, 2015, the airline’s Indonesian affiliate, Indonesia AirAsia, recorded a revenue of 1,266.83 billion rupiah, down 16% year-on-year, which was in line with the 12% decrease in capacity and 18% drop in the number of passengers carried.
AirAsia, which has borrowings in US dollars for its fleet of aircraft, registered a profit attributable to shareholders of RM243mil in the second quarter, down 33.8% from a year ago.
This was achieved on a marginally higher revenue of 1% to RM1.32bil, backed by a 7% passenger growth to 5.95 million with 80% load factor.
No comments:
Post a Comment