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    CAPITALA   MYL5099OO006

AIRASIA GROUP BERHAD

(CAPITALA)
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End-of-day quote BURSA MALAYSIA  -  2022-08-07
0.6500 MYR   -1.52%
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AirAsia announces the resumption of two routes from Kuala Lumpur to Vietnam; Guests can book their flights on the airasia Super App to Nha Trang, and Da Lat from as low as RM149 one way

07/01/2022 | 11:32am EDT

KUALA LUMPUR- In response to popular demand and as highly anticipated by air travellers across the region, AirAsia will resume its scheduled flight services between Kuala Lumpur and two Vietnam destinations, Nha Trang and Da Lat from 8 July 2022, and 10 July 2022 respectively.

Flights from Kuala Lumpur to the two popular holiday destinations are now available for booking from as low as RM149 one way:

https://newsroom.airasia.com/news/airasia-announces-the-resumption-of-two-routes-from-kuala-lumpur-to-vietnam

Riad Asmat, CEO of AirAsia Malaysia, said: 'As the momentum for leisure travel has picked up since the reopening of borders by most countries in the region, AirAsia is proud to participate in the revival of the tourism industry by resuming these popular routes to Vietnam. It's time again for our guests to explore and revisit the refreshing breeze and popular seafood of the coastal town of Nha Trang or maybe choose to immersive themselves in the rich pine forests, lakes, and waterfalls of 'City of Eternal Spring' Da Lat, there's always something for everyone in Vietnam!

'As the airline and our guests have eagerly anticipated the return of flights between Kuala Lumpur and Vietnam, we would also like to express our gratitude to the Vietnamese government for easing the travel and entry requirements for visitors to Vietnam. We will work closely with the governments of both Malaysia and Vietnam to create more opportunities to help support economic recovery in both regions.'

All fully vaccinated travellers can enter Vietnam without any pre-departure test, and Malaysians may enter Vietnam visa-free and stay there for 14 days. Upon arrival, travellers above two years old must download the PC-Covid app and use it to declare any symptoms during their stay and carry medical insurance covering COVID-19 treatment with a minimum liability of USD10K. Self-isolation is no longer required when arriving in Vietnam.

*Flight schedules are subject to change. Please refer to our website and the airasia Super App for the latest flight status.

Members can earn airasia points for all their purchases on the airasia Super App, from flights to hotel stays and lifestyle deals. Use them like cash to redeem FREE flights, hotel stays, groceries, and lifestyle deals with our exclusive partners.

Guests are strongly advised to check the conditions and requirements imposed by the authorities before purchasing any flights and upon arrival. Please read the latest travel advisory here for more information on AirAsia's safety measures and travel SOPs.

AirAsia Malaysia has successfully migrated over 95% of its guests to the airasia Super App and its website as part of its robust health and safety protocols. The airline will continue to promote its contactless procedures as an integral part of its efforts to further strengthen its Covid-19 mitigation plan.

AirAsia encourages guests to migrate and upgrade to the all-in-one airasia Super App for a seamless and contactless journey. Effective 1 April 2022, AirAsia's counter check-in service is strictly for exempted categories of guests only at all airports in Malaysia. Among the exempted groups are senior citizens aged 70 and above, people with disabilities registered with the Welfare Department, young passengers travelling alone (unaccompanied minors), group bookings of 10 guests and more, chartered flight passengers, and more.

Stay up to date with everything from the airasia Super App by following @airasiasuperapp on Instagram/Facebook or @airasia on WeChat/Weibo for the latest updates. For a seamless and enhanced experience, download your airasia Super App from the Apple App Store, Google Play Store, or Huawei AppGallery.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 6 197 M 1 393 M 1 393 M
Net income 2022 -1 510 M -339 M -339 M
Net Debt 2022 14 496 M 3 257 M 3 257 M
P/E ratio 2022 -2,01x
Yield 2022 -
Capitalization 2 705 M 608 M 608 M
EV / Sales 2022 2,78x
EV / Sales 2023 1,46x
Nbr of Employees 14 778
Free-Float 49,5%
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Number of Analysts 13
Last Close Price 0,65 MYR
Average target price 0,78 MYR
Spread / Average Target 19,9%
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Anthony Francis Fernandes Group CEO & Non-Independent Executive Director
Pattra Boosarawongse Chief Financial Officer
Kamarudin bin Meranun Non-Independent Non-Executive Chairman
Kin Choy Lau Group Head-Information & Communication Technology
Nadzri Hashim Head-Engineering
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