27-Apr-2011 12:01 PM
AirAsia shares fall on traffic report
Analysis
AirAsia's shares fell 1.1% yesterday following the release of group traffic highlights for the three months ended Mar-2011
Summary
- AirAsia's shares declined by 1.1% after the release of their 1Q2011 traffic highlights.
- Malaysia AirAsia experienced a 17.2% increase in passenger numbers, reaching 4.3 million.
- Thai AirAsia saw a 22.7% growth in passenger numbers, totaling 1.8 million.
- Indonesia AirAsia recorded a 22.4% increase in passenger numbers, reaching 1.1 million.
- Tiger Airways' shares slipped by 0.7%.
- Cebu Pacific's shares fell by 1.1%.
The 1Q2011 traffic results were as follows:
- Malaysia AirAsia:
- Passenger numbers: 4.3 million, +17.2% year-on-year;
- Load factor: 80%, +8.6 ppts;
- Fleet size: 53, +10.4%;
- Thai AirAsia:
- Passenger numbers: 1.8 million, +22.7%;
- Load factor: 84%, +4.6 ppts;
- Fleet size: 20, stable;
- Indonesia AirAsia:
- Passenger numbers: 1.1 million, +22.4%;
- Load factor: 79%, +8.8 ppts;
- Fleet size: 20, +33.3%.
Elsewhere, Tiger Airways' shares slipped 0.7% and Cebu Pacific fell 1.1%.
Selected LCC daily share price movements (% change): 26-Apr-2011
