Edition:
United Kingdom

Airasia Group Posts Qtrly Net Loss 395 Million RGT


Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Airasia Group Bhd ::QTRLY REVENUE 2.82 BILLION RGT.QTRLY NET LOSS 395 MILLION RGT.BOARD REMAINS POSITIVE THAT THE OVERALL RESULTS OF THE GROUP IN 2019 WILL BE BETTER THAN 2018.FOR Q1 2019 EXPECT TO TURN AROUND PHILIPPINES BY FOCUSING ON NORTH ASIA- PHILIPPINES LEISURE MARKET WITH TARGET LOAD FACTOR AT 90%.DECLARED A SECOND INTERIM DIVIDEND OF 12 SEN PER SHARE FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018.FOR Q1 2019 THAILAND EXPECTED TO DELIVER LOAD FACTOR AT 90%.FOR Q1 2019, EXPECTS MALAYSIA TARGET LOAD FACTOR OF 87%.FOR Q1 2019 INDONESIA TARGET LOAD FACTOR AT 84%.AIRASIA HAS HEDGE 52% OF BRENT AT AVERAGE OF USD63.41 FOR FY 2019.YEAR AGO QTRLY REVENUE 2.66 BILLION RGT; YEAR AGO QTRLY NET PROFIT 372.6 MILLION RGT.