AirAsia's plane is seen take off from KLIA2 during the AirAsia and AirAsia X new office ground breaking ceremony in Sepang. AZMAN GHANI / The Star (File pic)
PETALING JAYA: Budget carrier AirAsia X Bhd
(AAX) will see better financial performance this year on capacity growth but will have to face a more challenging outlook next year due to stiff competition from counterparts operating from KL International Airport and the weaker ringgit.
“We think earnings will peak in financial year 2016 and we forecast earnings to fall quite steeply in 2017 year-on-year (yoy), from the weaker ringgit exchange rate and fiercer competition,” said CIMB Research in a report.
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