AirAsia continues to climb
AirAsia’s net profit amounted to US$349 million in 2010, fuelled by the company’s powerful results in the last quarter.
Chief executive Tony Fernandes said that thanks to an increase in passengers numbers and the rising ancillary profit, AirAsia’s gains during the last quarter lifted to US$103 million, a rise of 33 percent compared to that of the same quarter in the previous year
“What a year we’ve had. Not only did we achieve record profits, but also breached the billion-ringgit mark in net profit (RM 1.07 billion),†he said
“The company is in the best position, financially, that it has ever been in – providing a strong foundation for further expansion and growth in 2011,†he added.
Fernandes emphasised the increased contribution from ancillary income to the bottom line.
“There’s still a lot of potential in ancillary and we’re constantly looking to increase the numbers,†he said.
Fernandes flagged that rising fuel prices may force the airline to impose a fuel surcharge on tickets.
Ian Jarrett
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