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25-May-2011 11:45 AM

AirAsia Group reports mixed profit results in 1Q2011

AirAsia Group revenue up 24% - financial highlights for the three months ended 31-Mar-2011:

*Based on the conversion rate USD1 = MYR3.0561
**Based on the conversion rate USD1 = THB30.41
***Based on the conversion rate USD1 = IDR8,565

AirAsia Group: "Forward bookings in 2Q2011 higher compared to 2Q10 despite fuel surcharge being Imposed," Company statement. Source: AirAsia Group, 24-May-2011.

AirAsia Group: "We are still anticipating the launch of our AirAsia Philippines in the second half and I am just excited on the progress to get this venture started. We are also re-looking into Vietnam and hopefully an exciting announcement will follow suit soon. These moves will further strengthen our presence in the ASEAN skies," Tony Fernandes, CEO. Source: AirAsia Group, 24-May-2011.

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