AirAsia optimistic for further ASEAN growth following profitable 1Q2011
AirAsia has recorded a 52% increase in group operating profit for 1Q2011, fuelled by strong performances in Malaysia and Thailand, despite the rise fuel prices. The low-cost carrier group is confident it can continue turning profits for the remainder of 2011 and is even more bullish on 2012, when it expects a significant improvement in the performance of its Indonesian affiliate and contributions from its planned new affiliates in the Philippines and Vietnam.
