Edition:
United Kingdom

AirAsia Group Says Qtrly Net Profit 915.9 Mln RGT


Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Airasia Group Bhd ::QTRLY NET PROFIT 915.9 MILLION RGT.QTRLY REVENUE 2.61 BILLION RGT.YEAR AGO QTRLY REVENUE 2.45 BILLION RGT, YEAR AGO QTRLY NET PROFIT 505.3 MILLION RGT.FOR FY, ON TRACK TO ACHIEVE A GROUP LOAD FACTOR TARGET OF 85%.IN INDIA, THE FORECAST LOAD FACTOR FOR THE FOURTH QUARTER OF 2018 IS AT 87%.DECLARED SPECIAL DIVIDEND OF 40 SEN PER SHARE FOR FY ENDED DEC 31, 2018.IN JAPAN, THE FORECAST LOAD FACTOR FOR THE FOURTH QUARTER OF 2018 IS ABOUT 74%.CAUTIOUS ABOUT ACHIEVING ITS RESULTS IN 2018 AS IT WAS IMPACTED BY HIGHER FUEL PRICES.DROP IN FUEL PRICE IN DEC EXPECTED TO CONTRIBUTE POSITIVELY TO DECEMBER MONTH OPERATIONAL RESULTS AND IN THE YEAR 2019."CONFIDENT THAT IT WILL STILL ACHIEVE A NET PROFIT FOR THE YEAR".