i am curious, the company invested about rm4,362 in plant and equipment and i think majority of it is the air craft. that means (aside from other assets invested) all those investments only return 5% profits…
that means the average malaysian is doing better if you look at the profit margin as we are getting 5.5% from our EPF…
is that logical thinking, you be the judge of that.
AirAsia profit rises to RM246mil
AirAsia profit rises to RM246milBy CHAN CHING THUT
PETALING JAYA: AirAsia Bhd’s net profit for the quarter ended Dec 31 expanded 73% to RM245.72mil from RM142.05mil in the previous corresponding quarter due to higher yields and contained unit cost.
Revenue rose 43% to RM632.72mil from RM442.84mil previously. This was attributed to 21% growth in passenger volume, 17% higher average ticket sales and 49% growth in ancillary income.
Group chief executive officer Datuk Tony Fernandes said demand for low fares remained strong and load factors were at high levels despite significant capacity addition of 40%.
“Ancillary income rose 49% to RM41.53mil. This reflects the increased service penetration and the success of our travel insurance and greater number of hotel rooms booked through our website.
