Bumper earnings: Affin prefers AAX. It says the airline has hedged 100 of its fuel consumption for the remainder of 2016 at US54 a barrel.
PETALING JAYA: Strong airlines earnings will likely sustain in the remaining quarters of the year but maintaining the strong earnings momentum into 2017 may be challenging.
“We believe the strong airlines earnings in first quarter will likely sustain in the remaining quarters as up to 75% of fuel requirement are already hedged.
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