AirAsia Bhd posted an almost six-fold increase in its earnings for the first quarter ended March 31, 2016 to RM877.8mil, mainly due to higher revenue and lower fuel prices.
The low-cost airline said the surge in its net profit was attributed to a 31% increase in revenue to RM1.7bil, as well as a 29% drop in the average fuel price to US$56 from US$79 per barrel a year ago.
In its announcement to Bursa Malaysia yesterday, AirAsia said its increase in revenue was supported by a 17% growth in passenger volume and higher average fare, up 11% at RM166 as compared to RM150 in the first quarter last year.
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The low-cost airline said the surge in its net profit was attributed to a 31% increase in revenue to RM1.7bil, as well as a 29% drop in the average fuel price to US$56 from US$79 per barrel a year ago.
In its announcement to Bursa Malaysia yesterday, AirAsia said its increase in revenue was supported by a 17% growth in passenger volume and higher average fare, up 11% at RM166 as compared to RM150 in the first quarter last year.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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