SUBSCRIBERS

AirAsia's Q3 profit sinks 77.5%

Published Wed, Nov 20, 2013 · 10:00 PM

[KUALA LUMPUR] Malaysia's AirAsia Bhd, Asia's biggest budget airline by passenger traffic, saw its third-quarter profit plunge 77.5 per cent as forex losses on borrowings and a strategy of offering low ticket fares ate into margins.

Net profit for the three months ended Sept 30 fell to RM35.8 million (S$14 million) from RM157.8 million in the same period last …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Transport & Logistics

GM CEO Barra compensation fell 4% in 2023 to US$27.8 million
Boeing reports first revenue drop in 7 quarters as deliveries decline
Volkswagen to keep China market share stable as price war rages
COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill
Tesla profits tumble but shares rise on new vehicle plan
Volvo Cars see good demand this year after higher Q1 unit sales

Companies & Markets

AirAsia's Q3 profit sinks 77.5%

Transport & Logistics

GM CEO Barra compensation fell 4% in 2023 to US$27.8 million

Boeing reports first revenue drop in 7 quarters as deliveries decline

Volkswagen to keep China market share stable as price war rages

COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill

Tesla profits tumble but shares rise on new vehicle plan

Volvo Cars see good demand this year after higher Q1 unit sales

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT