By mystock
AirAsia - Impressive 14x rise in net profit
The 14-fold rise in 2Q09 net profit is impressive considering this was achieved by cutting ticket prices by 19% to RM160 per pax and with no fuel hedging yield. This has paid off as EBIT margin rose to 33.6% vs 13.8% in 2Q09. This stands in stark contrast to SIA’s –2.5% in 1QFY10 and Cathay Pacific’s...
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