AirAsia Bhd Q3 Nov 29
PETALING JAYA: After posting a 42.9% increase in net profit in the third quarter ended Sept 30, AirAsia Bhd is expected to deliver strong profitability in the fourth quarter of financial year 2017, says CIMB Equities Research.
According to the research house, while some investors are worried that the group’s plans to take delivery of 12 planes in the fourth quarter of financial year 2017 (4Q17) alone is too fast a pace of expansion, any negative yield impact will most probably be felt from 1Q18 onwards.
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