Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Malaysia
  4. BURSA MALAYSIA
  5. AirAsia Group Berhad
  6. News
  7. Summary
    AIRASIA   MYL5099OO006

AIRASIA GROUP BERHAD

(AIRASIA)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Malaysia regulator fears airline expansion curbs after FAA downgrade

02/11/2020 | 12:55am EDT
FILE PHOTO:  Malaysian Airlines flag flies in front of the traffic control tower at Kuala Lumpur International Airport in Sepang

Malaysian airlines could be barred from introducing new routes in China, South Korea and Japan after the U.S. Federal Aviation Administration (FAA) downgraded the country's air safety rating late last year, Malaysia's aviation regulator said on Tuesday.

In its first comments since the FAA downgrade, the Malaysian Aviation Commission (MAVCOM) said it was concerned its carriers would suffer the same fate as Thailand when it was downgraded by the FAA in 2015 https://www.reuters.com/article/us-thailand-aviation/china-japan-south-korea-halt-thai-air-route-expansion-on-safety-concerns-idUSKBN0MQ1ZM20150330.

China, South Korea and Japan all stopped Thailand-based airlines from flying charters and new routes because of safety concerns raised by the International Civil Aviation Organization, which was followed by the FAA downgrade.

MAVCOM Chief Operating Officer Azmir Zain said Malaysian carriers could lose as much as 4 billion ringgit ($966 million), or 24% of their revenue a year, if China, Japan and South Korea took the same restrictive steps against them.

Malaysia's airline industry is dominated by state-owned Malaysia Airlines, AirAsia Group Bhd and its long-haul arm AirAsia X Bhd.

Azmir said that MAVCOM had yet to hear from the three countries about any action they might take.

Azmir also cast doubt over claims by the Malaysian government that it would be able to regain the top FAA category in 12 months, noting that Thailand had yet to restore its rating and the Philippines took six years to return to Category 1 following its own downgrade.

The FAA's safety ratings do not affect existing flights.

(Reporting by Liz Lee; editing by Jane Wardell)

Stocks treated in this article : Airasia Group BHD, AirAsia X Bhd

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRASIA GROUP BERHAD -2.59% 1.13 End-of-day quote.27.68%
AIRASIA X BERHAD 0.00% 0.095 End-of-day quote.26.67%
AT HOME GROUP INC. -0.08% 36.99 End-of-day quote.0.00%
All news about AIRASIA GROUP BERHAD
07:13aThai AirAsia parent plans $419 mln fundraising for travel resumption
RE
03:11aAIRASIA BERHAD : Senior Citizens and minors may now fly to all AirAsia Philippines destina..
PU
12:41aAIRASIA BERHAD : Asia Aviation Plc. Formulates New Restructuring Plan Capital-raising stra..
PU
10/19AIRASIA BERHAD : Phuket is calling!
PU
10/19NEW ISSUE OF SECURITIES (CHAPTER 6 O : Fund Raising
PU
10/19AIRASIA BERHAD : Considers Setting up Unit in Cambodia
MT
10/19AIRASIA BERHAD : Indonesia Domestic and International Travel Requirements During COVID-19 ..
PU
10/19Challenges abound as Tata draws up a flight plan for Air India
RE
10/18AIRASIA X BERHAD : Seeks Waiver for Almost All Its Debt
MT
10/18AIRASIA BERHAD : welcomes further relaxation of travel requirements into Sarawak
PU
More news
Analyst Recommendations on AIRASIA GROUP BERHAD
More recommendations
Financials
Sales 2021 1 433 M 345 M 345 M
Net income 2021 -2 385 M -573 M -573 M
Net Debt 2021 15 031 M 3 613 M 3 613 M
P/E ratio 2021 -1,97x
Yield 2021 -
Capitalization 4 405 M 1 061 M 1 059 M
EV / Sales 2021 13,6x
EV / Sales 2022 2,43x
Nbr of Employees 21 059
Free-Float 60,7%
Chart AIRASIA GROUP BERHAD
Duration : Period :
AirAsia Group Berhad Technical Analysis Chart | AIRASIA | MYL5099OO006 | MarketScreener
Technical analysis trends AIRASIA GROUP BERHAD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 18
Last Close Price 1,13 MYR
Average target price 0,81 MYR
Spread / Average Target -28,1%
EPS Revisions
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
Sector and Competitors