Thursday 23 February 2012

AirAsia falls on Q4 income slide

AirAsia Bhd, the region’s biggest budget carrier, dropped 1.9 per cent to RM3.58 as of 9:50 a.m. in Kuala Lumpur, bound for its lowest close since Jan. 31.

The airline’s fourth-quarter net income slid to RM135.7 million (US$44.8 million) from RM311.1 million a year earlier due to higher fuel costs, it said in a statement. -- Bloomberg



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