5238 AAX
- 1.600
- -0.050-3.03%
AAX News
AAX 1Q Net Profit Down 76% on Higher Operating Expenses but Still Eyes New Destinations
AirAsia X Bhd (KL:AAX), which is in the process of taking over its sister company Capital A Bhd's (KL:CAPITALA) aviation business, has reported a 75.6% decline in first quarter net profit due to elevated operating expenses despite a jump in revenue.
AirAsia X Logs Best Day in Six Months on Capital A Restructuring
Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered a restructuring plan that would make the company the largest low-cost carrier in Southeast Asia.
Capital A's Proposed Aviation Business Sale Looks Positive -- Market Talk
Capital A's proposed sale of its aviation business to AirAsia X for MYR6.8 billion looks "overall positive," Hong Leong IB analyst Daniel Wong says in a note.
Capital A, AirAsia X extend negotiation period for airline biz merger again
The negotiation period for Capital A Bhd’s sale of AirAsia's aviation business to AirAsia X Bhd (AAX) has been extended for the second time to April 30, 2024, the two listed companies said.
AirAsia X Faces Trading Halt as Shares Plummet on 82% Profit Slump
Intra-day short-selling (IDSS) activities involving AirAsia X Bhd (AAX) have been halted as the stock experienced a substantial decline to its lowest level in almost 10 months.
AAX's Intra-day Short-selling Suspended as Shares Dive to Lowest in 10 Months
Intra-day short-selling (IDSS) of AirAsia X Bhd (AAX) has been suspended, after the counter sank to its lowest in nearly 10 months amid active trades on Friday, after the mid-haul low-cost airline reported a 82% year-on-year (y-o-y) slump in its fourth quarter net profit as expenses surged ahead of revenue growth.
Domestic airfares - the only way is up
AIRASIA UNVEILS STRATEGIC FOCUS ON ENHANCING CONNECTIVITY FROM SINGAPORE TO INDIA
AirAsia Offers 8-hour Flash Sales to Almaty
AirAsia is offering a flash sale to Almaty in Kazakhstan, starting from RM88 all-in one-way fare. The flash sale is from 10am until 6pm on Friday.
Capital A, AirAsia X Sign Aircraft Lease Deal
Capital A (KLSE:CAPITALA) said its unit Asia Aviation Capital signed a one-year aircraft lease deal with AirAsia X (KLSE:AAX) for 30.5 million ringgit. Under the deal, the airline operator will rent o
AirAsia X Inks RM30.5m Aircraft Lease Agreement With Capital A Unit
KUALA LUMPUR (Dec 4): AirAsia X Bhd (AAX) has signed an aircraft lease agreement with Asia Aviation Capital Ltd in a related party transaction for a one-year lease of an aircraft bearing MSN1596, with the total contract value — including lease rental and maintenance reserves — estimated at RM30.54 million.
AirAsia X Turns Profitable in Q2
AirAsia X (KLSE:AAX), a unit of AirAsia Group (KLSE:AIRASIA), booked a profit attributable to owners of 5.5 million ringgit in the second quarter, reversing a loss of 652.5 million ringgit a year earl
AirAsia X Jump on Hopes for Removal of Financially Distressed Status
By Ying Xian Wong AirAsia X Bhd. shares rose sharply Thursday after a bullish analyst report boosted hopes that the company's financially distressed classification could be lifted. Shares of the Mal
AirAsia X Shares Shoot Past RM2 as Maybank IB Makes Bullish Call
Shares in AirAsia X Bhd rallied past the RM2 mark amid heavy trade on Thursday (July 27) morning, after its passenger load factor (PLF) for the second quarter of 2023 (2Q2023) jumped 47% year-on-year (y-o-y), while seat capacity swelled over 26 times to 818,422 seats flown.
Maybank IB Re-initiates Coverage of AirAsia X, Forecasts Record FY2023 and FY2024 Core Net Profits
Maybank Investment Bank (Maybank IB) Research has re-initiated coverage on AirAsia X Bhd (AAX) with a "buy" rating at RM1.80 and target price (TP) of RM3.58 and said post-Covid, fares are a lot higher and aircraft lease rates are sharply lower relative to pre-Covid.
AirAsia X Ready to Exit PN17 Status, Say Sources
AFTER nearly two years, AirAsia X Bhd (AAX), the medium-haul, low-cost affiliate of Capital A Bhd, is ready to exit the classification for financially distressed companies. Sources close to AAX say the airline plans to make an application to Bursa Securities to lift itself out of Practi...
AirAsia X Submits Application to Exit PN17, Confirms The Edge Report
AirAsia X Bhd (AAX) is about to shed its Practice Note 17 status. The low-cost carrier has submitted an application to Bursa Malaysia to be uplifted from PN17 altogether, on recent improvements in the group and its subsidiaries' financial performance.
AirAsia X Rises 10% on Report of Impending Bid to Exit PN17 Status
AirAsia X Bhd (AAX) rose as much as 16 sen or 10.19% to RM1.73 in Monday (July 17) morning trade after The Edge reported that the medium-haul budget airline is ready to make an application to lift itself out of Practice Note 17 (PN17) status this week, ahead of the July 28, 2023 deadline to submit its regularisation plan to Bursa Malaysia.
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