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AirAsia X likely to end 2016 on a high note

2 Oct 2016 10:55:54

theborneopost.com

AirAsia X Bhd (AAX) is expected to record a strong fourth quarter of 2016 (4Q16) backed by higher yields and load factors as a result of year-end holiday season.


Kenanga Investment Bank Bhd’s research arm, Kenanga Research, in a report, noted that since its listing back in July 2013, AAX registered losses for the longest time until FY15 due to several reasons.


These include overexpansion, over-capacity in the market, aggressive price war from MAS, especially on Australian route, high fuel cost environment, and MH370 incident in March 2014, which negatively impacted on the China route.


Read full story: theborneopost.com

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