Company Profile For AirAsia Berhad

AirAsia Berhad (AIRA.KL) (Kuala Lumpur Stock Exchange)

sector: Industrials · industry: Airlines ·

As of 12:05pm IST

1.28MYR

Price Change

-0.01

Percent Change

-0.78%

Analyst Recommendations

Overview

AirAsia Berhad (AirAsia) is principally engaged in the provision of air transportation services. AirAsia flies to over 110 routes across 13 countries in Asia. Some of its wholly owned subsidiaries include Crunchtime Culinary Services Sdn Bhd, which is engaged the provision of in-flight meals; AA International Ltd, which is engaged in investment holding; AirAsia Go Holiday Sdn Bhd, which is engaged in tour operating business; AirAsia (Mauritius) Limited, which is engaged in providing aircraft leasing facilities, and Airspace Communications Sdn Bhd, which is a media owner with publishing division. Crunchtime Culinary Services Sdn Bhd was dormant as of 12/31/2008. In October 2008, the Company announced that it has incorporated a wholly owned subsidiary in the Federal Territory of Labuan, Malaysia known as AirAsia Corporate Services Limited.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, AirAsia Berhad's revenues increased 20% to RM1.37B. Net income totaled RM342.3M, up from RM170.7M. Revenues reflect an increase in higher passenger volume achieved and higher contribution from ancillary income. Net income also reflects a decrease in cost of sales and an increase in other income. AirAsia Berhad is engaged in providing air transportation services.