Wednesday 23 November 2011

AirAsia declines on 53% Q3 earnings drop

AirAsia Bhd, Asia’s biggest low- cost airline, fell to a one-month low in Kuala Lumpur trading after reporting a 53 percent drop in third-quarter earnings on higher fuel costs.

The stock dropped 2.2 percent to RM3.59 at 9:02 a.m. local time, set for its lowest close since Oct. 18. -- Bloomberg



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