AirAsia said in a statement on its website today that it is confident of posting stronger results as it anticipates international travel to resume with discovery of a Covid-19 vaccine.
It said its third quarter 2020 operating statistics highlight the group’s path to recovery, with improvements recorded from every major domestic airline in the group across many key metrics, in comparison to the preceding quarter.
These, it said, include a 36% increase in passengers carried by AirAsia Malaysia, 79% increase in passengers carried by AirAsia India and an increase of 65% of passengers carried by AirAsia Thailand. The group's revenue performance also improved, it noted, with sales across its operations rising 57% this week versus the preceding week, supported by its latest airasia.com Super Sale that started yesterday.
Shares in AirAsia, which have been on the rise following positive news on the development of a vaccine earlier this month, closed 2% or 1.5 sen higher at 76.5 sen today, giving it a market value of RM2.56 billion. It saw 130.96 million shares traded.
Indonesia to start mass vaccination at the end of the year, next will be us. If AAX able to survive for the next few months they might be able to recover soon enuff
Pfizer ends Covid-19 trial with 95 pct efficacy, to seek emergency-use authorisation
Reuters Published 8:36 pm
Pfizer Inc said final results from the late-stage trial of its Covid-19 vaccine show it was 95 percent effective, adding that it had the required two-months of safety data and would apply for emergency US authorisation within days.
MULTIPLE PROPOSALS AIRASIA X BERHAD ("AAX" OR THE "COMPANY")- PROPOSED DEBT RESTRUCTURING- PROPOSED CORPORATE RESTRUCTURING COMPRISING:- (I) PROPOSED SHARE CAPITAL REDUCTION; AND (II) PROPOSED SHARE CONSOLIDATION(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
AAX has been bleeding for years even without covid, so, going forward what difference does it make when the situation is even worse? This is a PN17 company, hold and lose everything.
KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.
Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement. Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.
Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.
"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.
Khairy: Malaysia to pay RM94mil upfront for vaccine under Covax plan * NATION * Thursday, 19 Nov 2020 10:53 AM MYT By MARTIN CARVALHO, RAHIMY RAHIM and TARRENCE TAN
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BATFLY
722 posts
Posted by BATFLY > 2020-11-16 23:14 | Report Abuse
AA is high risk.. Shifting his core biz to food, e wallet..Try visit KLIA and it is like quiet and empty plus fleet of airplane parking side by sife..