23-Nov-2009 12:50 PM
AirAsia returns to net profitability in 3Q3009; SIA and Cathay seeing improved conditions
Analysis
AirAsia stated it expects a further recovery in air travel demand moving forward, with CEO, Tony Fernandes, stating that "based on the forward booking trend, the underlying passenger demand in the fourth quarter is positive". He added, "while the airline industry is facing arguably the most difficult environment in recent memory, we see vast opportunities to grow our business".
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