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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Airasia Group BHD    AIRA   MYL5099OO006

AIRASIA GROUP BHD (AIRA)
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Airasia BHD : announces Kalibo-China routes in Q1 2019

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01/12/2019 | 07:46am EST

AirAsia Philippines announced on Friday that it will begin flights between Kalibo, Aklan and three Chinese destinations -- Macau, Kunming, and Chengdu -- in the first quarter of the year.

The airline's chief executive officer, Dexter Comendador, earlier told the Philippine News Agency (PNA) he was eyeing to open more routes to China in 2019.

Currently, the AirAsia Group has routes to Macau, Hong Kong, Guangzhou, Shanghai, Hangzhou, and Shenzhen.

Comendador said that next to China Airlines, the AirAsia Group is the second largest airline in terms of passengers being carried to China.

The airline will commence its Kalibo-Chengdu route on Jan. 24, Kalibo-Kunming on Jan. 25 and Kalibo-Macau on March 2.

Meanwhile, Comendador added that he is also planning to increase AirAsia Philippines' flight frequencies to China.

Aside from new Chinese destinations, the executive also plan to open new routes to Japan this year.

"It will most likely be in Osaka or in Narita," he said.

(c) 2019 Philippines News Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
AIRASIA GROUP BHD --End-of-day quote.
CHINA AIRLINES LTD. --End-of-day quote.
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Financials (MYR)
Sales 2018 10 314 M
EBIT 2018 1 528 M
Net income 2018 2 200 M
Debt 2018 5 699 M
Yield 2018 18,4%
P/E ratio 2018 4,89
P/E ratio 2019 9,03
EV / Sales 2018 1,54x
EV / Sales 2019 1,36x
Capitalization 10 160 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 3,39  MYR
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Riad Asmat Chief Executive Officer
Kamarudin bin Meranun Non-Independent Executive Chairman
Adrian Jenkins Chief Operating Officer
Pattra Boosarawongse Group Chief Financial Officer
Kin Choy Lau Group Head-Information & Communication Technology
Sector and Competitors
1st jan.Capitalization (M$)
AIRASIA GROUP BHD2 458
DELTA AIR LINES-3.59%33 061
UNITED CONTINENTAL HOLDINGS INC2.22%23 320
AIR CHINA LTD.5.10%16 295
INTERNATIONAL CONSOLIDATED AIRLINES GROUP0.58%15 868
RYANAIR HOLDINGS PLC0.48%12 992