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    AIRASIA   MYL5099OO006

AIRASIA GROUP BERHAD

(AIRASIA)
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AirAsia : eyes to progressively restore flights from the world-class Passenger Terminal Building of Clark International Airport (CRK)

07/19/2021 | 02:21am EDT

Dubbed as Asia's next premier gateway for North and Central Luzon, the new terminal is expected to decongest passenger traffic at the Ninoy Aquino International Airport (NAIA) with its annual 8 million passenger capacity.

AirAsia Philippines CEO Ricky Isla said, 'AirAsia is one with the Filipino people in celebrating this milestone in infrastructure development. This will definitely boost our initiatives for a stronger rebound post pandemic.'

'Once travel restrictions ease and demand picks up soon, we are eyeing to strategically restore AirAsia's Clark hub hopefully by Q4 of 2021.'

AirAsia began its Philippines operations in Clark in March 2012, making it one of the carriers actively boosting connectivity, mobility in various local economies in North and Central Luzon.

Pre pandemic, AirAsia Philippines flew to 10 domestic and 3 international destinations from Clark namely, Cagayan de Oro, Caticlan, Cebu, Davao, Iloilo, Puerto Princesa, Tacloban, Incheon, Kaohsiung, and Taipei.

AirAsia's efforts by going above and beyond the protection of its guests against COVID-19 have been globally recognized, with a perfect 7-star rating from Airlineratings.com.

Follow AirAsia on Twitter (@AirAsia) and Facebook (facebook.com/airasiatravels.mm) for the latest updates, or contact our customer support team at support.airasia.com.

Disclaimer

AirAsia Group Berhad published this content on 19 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2021 06:20:03 UTC.


© Publicnow 2021
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Sales 2021 1 304 M 313 M 313 M
Net income 2021 -2 364 M -567 M -567 M
Net Debt 2021 15 031 M 3 605 M 3 605 M
P/E ratio 2021 -1,66x
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Capitalization 3 645 M 874 M 874 M
EV / Sales 2021 14,3x
EV / Sales 2022 2,33x
Nbr of Employees 21 059
Free-Float 60,7%
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Mean consensus UNDERPERFORM
Number of Analysts 18
Last Close Price 0,94 MYR
Average target price 0,75 MYR
Spread / Average Target -20,3%
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Managers and Directors
Anthony Francis Fernandes Group CEO & Non-Independent Executive Director
Pattra Boosarawongse Group 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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