- AFP
PETALING JAYA: Deutsche Bank Research has downgraded low-cost carrier AirAsia Bhd to “sell” from “hold” in view of higher jet fuel prices, weaker ringgit and impact on passenger yields due to capacity growth from competitors.
The research house has cut the budget airline’s 2018 earnings before interest and taxes (EBIT) forecast by 14%, or 28% below consensus.
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