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Thursday, February 24, 2011

AirAsia 4Q net profit up 835pct at RM316.55m, FY10 RM1.06 bln (Edge)

AIRASIA BHD []’s earnings surged 835% to RM316.55 million in the fourth quarter ended Dec 31, 2010 from RM33.87 million a year ago while it was upbeat about its operations based on the current forward booking trend.

“The underlying passenger demand in the first and second quarters for the Malaysian, Thai and Indonesian operations remains positive,” it said on Thursday, Feb 24.

Despite the upbeat outlook for the sector, it was somewhat cautious about the spike in crude oil prices, and said it would continue to monitor oil price movements, “and the introduction of a fuel surcharge cannot be discounted if the current price is sustained or rises further”.

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