AirAsia to expand fleet as Q2 revenue hits record on travel demand
Kuala Lumpur
AIRASIA Bhd said it would increase its fleet by 21 per cent in the second half of the year, in one of the fastest pace of expansions for the Malaysian low-cost airline, after reporting record quarterly revenues on rising travel demand.
The group, which saw its second-quarter net profit crater mainly due to a one-off charge, said it planned to add 22 planes to its fleet - at 106 as of end-June - through a combination of finance and operating leases in the second half of 2017.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama