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AirAsia expects positive 4Q2011 earnings

16-Nov-2011 10:48 AM

AirAsia expects to report positive 4Q2011 earnings and an additional USD159 million (MYR500 million) in revenue contribution from its newly launched 'BIG' loyalty card programme (The Star, 15-Nov-2011). AirAsia group CEO Tan Sir Tony Fernandes said the business was largely not affected by the floods in Thailand and the global economic slowdown.

AirAsia Group: “In South-East Asia, there are so many people who have yet to fly and we are lucky to be in South-East Asia because if we were in Europe or the US, the markets are mature and there is not much growth (there)," CEO, Tan Sir Tony Fernandes. The Star, 15-Nov-2011.