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View Full Version : Air Asia Profits Up By 13 Per Cent! Well Done!



Dr. J George
29-11-2005, 12:16 PM
AIR ASIA PROFITS UP BY 13 PER CENT! WELL DONE!

It was good to learn that the low-cost carrier AirAsia’s net profit rose 13 percent to RM11.8 million (US$3.0 million) in the three months to September compared to the same period a year ago. ;)

And making the announcement Chief executive officer Tony Fernandes stated the carrier had moved to hedge its fuel costs and secure a tax break to cope with a "challenging" first quarter of the 2006 financial year. :)

It was also stated that the first (quarter) is seasonally the weakest quarter for the year but nonetheless AirAsia managed to achieve an encouraging performance relative to the industry.

Incidentally we are told that the profit increase, from RM10.5 million a year ago, was built on a 50 percent rise in revenue in the quarter. :)

Well done AIRASIA! :D

What a difference to have an airline run by professionals and another by a butch of ‘monkeys and political predators?’ :rolleyes:

sirgalahad2010
29-11-2005, 01:28 PM
And MAS may have to make do with its existing B737s, as press reports say they may not be able to afford the cost of upgrading their short-haul fleet. Meanwhile SIA goes merrily on, ordering new aircraft and maintaining one of the youngest aircraft fleets amongst international airlines.

Quality of management - that's what counts.

At least Tony Fernandes is doing his national duty by p*****g off the Sporeans! :D

GreenBug
29-11-2005, 05:18 PM
At least Tony Fernandes is doing his national duty by p*****g off the Sporeans! :DHe should keep on reminding those folks in Singapore about "welcoming open competition on the one hand but denying Air Asia its landing rights" and "non-level playing field" and tell you what, my Singaporean friends, whom I relate these 2 sentences to, really are speechless, pucat and silent for a change.... :D

uchangeng
30-11-2005, 09:39 AM
may we wish in this new year to come that MAS will make half of that profit and free the tax payer the perpectual burden of the unending losses!

another one state enterprice that drains us white is the Proton Car. While the car from our own backyard still cost more than imports, I wonder how we can call it a national interest to keep the national car project going. On whose interest, national or the cronies'?

It has come to a point where the government and the law makers will have no choice but to review our race-based economic policy vis-a-vis national survival in this borderless world. Ouside of the border of this bolehland, special privilleges and birth-right economy don't work!