AirAsia expects positive 4Q2011 earnings
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.