5099.KL - AirAsia Berhad

Kuala Lumpur - Kuala Lumpur Delayed Price. Currency in MYR
0.8650
+0.0050 (+0.58%)
At close: 4:59PM MYT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.8600
Open0.8650
Bid0.8650 x 0
Ask0.8700 x 0
Day's Range0.8350 - 0.9050
52 Week Range0.5000 - 3.0200
Volume137,676,600
Avg. Volume52,798,215
Market Cap2.407B
Beta (5Y Monthly)N/A
PE Ratio (TTM)1.90
EPS (TTM)N/A
Earnings DateAug 28, 2019 - Sep 03, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Reuters

      Airbus warns it may sue airlines over undelivered jets -paper

      Airbus is ready to sue airlines that refuse to honour contracts to take aircraft, its chief executive was quoted on Friday as saying, raising the stakes in a stand-off between some manufacturers and airlines over the corornavirus crisis. The warning came as Airbus prepared to unveil what industry sources expected to be another weak month of delivery data. Planemakers and lessors have received multiple requests from airlines to delay deliveries due to the slump in air travel.

    • Exclusive: Airbus puts six jets made for AirAsia up for sale as crisis deepens
      Reuters

      Exclusive: Airbus puts six jets made for AirAsia up for sale as crisis deepens

      Airbus has put six jets made for one of its largest customers up for sale after giving up on Malaysia's AirAsia taking delivery of them, sources familiar with the matter told Reuters. Like other airlines looking to save cash amid lockdowns and travel bans that have crippled their business, AirAsia has said it doesn't need any more aircraft this year. Manufacturers usually insist an airline takes delivery of jets that have been built, while showing flexibility on delivery dates of planes yet to be produced, especially for top clients.

    • Malaysia's AirAsia founders not taking salary; staff accepts up to 75% pay cut
      Reuters

      Malaysia's AirAsia founders not taking salary; staff accepts up to 75% pay cut

      The founders of Malaysia's AirAsia Group Bhd will not take salaries and its staff has agreed to an as much as 75% cut in pay due to the impact of the novel coronavirus outbreak on the airline, its chief executive said late on Saturday. Tony Fernandes said in an Instagram post that he and Executive Chairman Kamarudin Meranun "will not be taking a salary during this period", while staff from across the business "have accepted temporary pay reductions of anywhere between 15-75%, depending on seniority, to share the impact this is having on our business". The budget airline has no incoming revenue and 96% of its fleet is grounded, Fernandes said.

    • Malaysia's AirAsia says review found Airbus procurement process robust
      Reuters

      Malaysia's AirAsia says review found Airbus procurement process robust

      AirAsia Group Bhd said on Friday an independent probe into corruption allegations from Britain's Serious Fraud Office (SFO) has found the Malaysian airline's procurement process with European planemaker Airbus SE robust and justifiable. In a filing to the stock exchange, AirAsia said Airbus' sponsorship of a sports team the airline's top executives co-owned was at the relevant time disclosed to and supported by the board of AirAsia Bhd (AAB), since renamed AirAsia Group.

    • Malaysia's AirAsia X defers A330neo deliveries as virus pressures frail finances
      Reuters

      Malaysia's AirAsia X defers A330neo deliveries as virus pressures frail finances

      KUALA LUMPUR/SYDNEY (Reuters) - Malaysian long-haul budget airline AirAsia X said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet, as the coronavirus outbreak adds pressure on the loss-making carrier. AirAsia X said late on Thursday it might sell two A330s that could fetch up to $100 million and return five others to lessors early, adding it was already in negotiations with lessors about a targeted 30% cut in lease rates. AirAsia X flagged lower forward bookings and pressure on fares in the presentation.

    • Malaysia PM clarifies comment on bribery allegations
      Reuters

      Malaysia PM clarifies comment on bribery allegations

      Malaysia's Prime Minister Mahathir Mohamad on Friday sought to clarify comments he made on bribery allegations linked to AirAsia Group. A statement from Mahathir's office said he had not intended to describe the alleged bribery as offset payments and that it would be up to investigators to determine the matter. Offset is a common industrial practice in which in return for buying equipment from a foreign supplier, the buyer requests the deal provide support for the domestic economy by, for example, sourcing or manufacturing components locally.

    • Payments in high-value deals not a bribe, Mahathir says about AirAsia probe
      Reuters

      Payments in high-value deals not a bribe, Mahathir says about AirAsia probe

      Malaysian Prime Minister Mahathir Mohamad said on Thursday payments received to offset the costs of a high-value order could not be constituted as a bribe. Mahathir was replying to questions by reporters on the controversial sponsorship deal that executives of Malaysia's AirAsia Group Bhd struck with the budget carrier's sole plane supplier Airbus. Britain's Serious Fraud Office (SFO) said last week that the European aircraft manufacturer paid a bribe of $50 million to executives of AirAsia and its long-haul arm AirAsia X to win plane orders.

    • Malaysia's AirAsia X forms committee to review Airbus bribery allegations
      Reuters

      Malaysia's AirAsia X forms committee to review Airbus bribery allegations

      Malaysian long-haul budget airline AirAsia X has formed a board committee to review corruption allegations by Britain's Serious Fraud Office (SFO), a stock exchange filing showed on Wednesday. The AirAsia X committee will comprise non-executive members of the board excluding Kamarudin Meranun and Tony Fernandes, who are co-founders of its parent company AirAsia Group, the filing with the Bursa Malaysia said.

    • AirAsia's Fernandes denies Airbus bribe involving his former F1 team
      Reuters

      AirAsia's Fernandes denies Airbus bribe involving his former F1 team

      AirAsia Group Bhd's Tony Fernandes on Tuesday denied a now-defunct Formula 1 racing team formerly co-owned by him had any links to a bribery scandal involving the Malaysian airline's only plane supplier, Airbus SE. Fernandes, one of the aviation industry's best-known faces, on Monday stepped aside as chief executive of Asia's biggest budget airline for at least two months, as authorities investigate allegations that Airbus paid a bribe of $50 million through sponsorship of the Caterham F1 team to win orders from AirAsia. AirAsia Chairman Kamarudin Meranun also stepped down along with Fernandes, though both will remain advisers.

    • AirAsia CEO Fernandes and chairman step aside as Airbus bribery allegations probed
      Reuters

      AirAsia CEO Fernandes and chairman step aside as Airbus bribery allegations probed

      AirAsia Group CEO Tony Fernandes and Chairman Kamarudin Meranun will step aside for at least two months while the airline and authorities investigate allegations Airbus paid a bribe of $50 million to win plane orders from the company. A committee comprising the non-executive members of AirAsia's board will review the allegations and take any necessary action, Asia's biggest budget airline said on Monday. Fernandes, one of the aviation industry's best known executives, and Kamarudin will remain advisers, however, "in view of the current difficult economic circumstances facing the airline industry", the company added.

    • AirAsia shares plunge after Airbus bribery allegations
      Reuters

      AirAsia shares plunge after Airbus bribery allegations

      Shares of Malaysia's AirAsia Group <AIRA.KL> and unit AirAsia X <AIRX.KL> fell on Monday, after allegations by Britain's Serious Fraud Office that Airbus <AIR.PA> paid a bribe of $50 million to win plane orders from Asia's largest budget airline group. AirAsia shares fell as much as 11% to 1.27 ringgit - their lowest since May 2016 - while those of AirAsia X tanked 12% to their all-time low of 11.5 Malaysian sen. Malaysia's anti-graft agency is investigating the allegations from Britain.

    • Malaysia regulator to probe if AirAsia broke rules in Airbus deals
      Reuters

      Malaysia regulator to probe if AirAsia broke rules in Airbus deals

      Malaysia's securities regulator said on Sunday it will examine whether AirAsia Group and unit AirAsia X broke securities laws, after UK prosecutors accused executives of receiving bribes from Airbus for buying planes. The allegations came to light on Friday when Airbus agreed a record $4 billion settlement with France, Britain and the United States. Britain's Serious Fraud Office (SFO) said on Friday that between October 2013 and January 2015, Airbus's then-parent EADS paid $50 million to sponsor a sports team that was jointly owned by two people described as AirAsia Executive 1 and Executive 2.

    • Malaysia probes allegations that Airbus bribed AirAsia bosses
      Reuters

      Malaysia probes allegations that Airbus bribed AirAsia bosses

      Malaysia's anti-graft agency is investigating allegations by Britain's Serious Fraud Office that Airbus paid a bribe of $50 million to win plane orders from Asia’s largest budget airline group, Malaysia-based AirAsia, it said on Saturday. The SFO said on Friday that Airbus had failed to prevent individuals associated with it bribing executives linked to AirAsia Group and its long-haul arm, AirAsia X. AirAsia said it had never made any purchase decisions that were premised on an Airbus sponsorship, and that it would fully cooperate with Malaysia's Anti-Corruption Commission.

    • Exclusive: Grab, Razer, AirAsia exploring bids for Malaysia digital bank licence: sources
      Reuters

      Exclusive: Grab, Razer, AirAsia exploring bids for Malaysia digital bank licence: sources

      SINGAPORE/KUALA LUMPUR (Reuters) - Ride-hailing group Grab, gaming firm Razer, AirAsia, telecoms firm Axiata and lender CIMB are among companies looking to apply for digital banking licences in Malaysia, sources told Reuters. Some of these companies have begun talking to consultancies as they explore a possible foray into digital banking, the people familiar with the matter said. This month Singapore said it received 21 applications for five digital bank licences.

    • Benzinga

      AirAsia Partners With Google To Reskill Staff, Launches Tech Academy

      The "AirAsia Google Cloud Academy" will be managed by AirAsia's venture fund RedBeat Ventures and Google Cloud, according to CNBC. The academy will be opened to all AirAsia employees in February, who want to gain technology skills to better suit AirAsia's "current and future business operations," AirAsia Group President Aireen Omar told The Nikkei Asian Review.

    • AirAsia Group Launches Yet Another New Route: Music
      Skift

      AirAsia Group Launches Yet Another New Route: Music

      Tony Fernandes is evidently having a lot of fun transforming AirAsia Group into more than just an airline business. Having just launched the first fast-food chain featuring airline food last week, the group CEO unveiled at a press briefing in Kuala Lumpur on Friday a new music label, RedRecords, in partnership with Universal Music Group. […]

    • AirAsia bets its in-flight menu can win diners on the ground
      Reuters

      AirAsia bets its in-flight menu can win diners on the ground

      Airline food has long been the butt of travellers' jokes, but Malaysia's AirAsia Group Bhd is seeking to turn that notion on its head - opening its first restaurant on Monday featuring dishes based on its in-flight menu. AirAsia group CEO Tony Fernandes is so confident the carrier's Southeast Asian fare will be popular with diners on the ground that he is aiming to franchise the concept internationally, with a New York outlet an ultimate goal. General Manager of Santan Restaurant and T&CO Cafe, Catherine Goh, said 30% of the restaurant's menu come from AirAsia's existing in-flight menu, which includes classics such as Pak Nasser's nasi lemak, a signature Malaysian rice dish with chilli condiment.

    • Malaysia's AirAsia swings to net loss as FX fluctuations bite
      Reuters

      Malaysia's AirAsia swings to net loss as FX fluctuations bite

      Malaysia's flagship budget airline AirAsia Group Bhd flipped to a loss in its third-quarter, hit by foreign exchange losses and a writedown in the value of currency and interest rate swaps. It posted on Wednesday a net loss of 51.4 million ringgit ($12.3 million) for the three-month period ended September, from 915.9 million ringgit net profit in the year ago period. Revenue was 17.5% higher at 3.1 billion ringgit, however.

    • AirAsia.com Starts Selling Competitors’ Flights via Kiwi.com Partnership
      Skift

      AirAsia.com Starts Selling Competitors’ Flights via Kiwi.com Partnership

      AirAsia.com on Friday added the flights of other carriers through a partnership with travel tech company Kiwi.com. In a white label arrangement, Kiwi.com supplies the content and technology to enable AirAsia.com’s users to book travel on more than 100 airlines to destinations currently not served by AirAsia in Europe, Australia, New Zealand, the Middle East, […]

    • AirAsia to sell tickets on other airlines as part of online push
      Reuters

      AirAsia to sell tickets on other airlines as part of online push

      The carrier said it had signed a strategic partnership with travel technology company Kiwi.com that would give customers access to destinations not served by AirAsia, including London, Dubai, Madrid and Auckland. "We are reinventing ourselves as more than just an airline, bringing to life our vision for airasia.com to be the region's one-stop travel shop," AirAsia Group Chief Executive Tony Fernandes said in a news release. AirAsia is also looking at other ways to partner directly with airlines and companies that compliment the carrier's network and travel services beyond Asia Pacific, said airasia.com Head of Airline Distribution Rajiv Kumar.

    • AirAsia transfers some Kuala Lumpur-Singapore slots to long-haul service
      Reuters

      AirAsia transfers some Kuala Lumpur-Singapore slots to long-haul service

      The two daily return flights will help AirAsia X deploy its Airbus SE <AIR.PA> A330s for more hours of the day, allowing it to boost revenue, the carriers said. The services will also give passengers from China, India, Japan and Korea better connections from its Kuala Lumpur hub to Singapore. Using the widebodies rather than AirAsia's narrowbody Airbus A320s also doubles capacity in those slots on the Kuala Lumpur-Singapore route, the world's busiest international route by frequency of services, according to aviation data provider OAG.

    • AirAsia cuts Airbus A330neo order plans, shifts to A321XLR
      Reuters

      AirAsia cuts Airbus A330neo order plans, shifts to A321XLR

      Malaysian budget carrier AirAsia Group Bhd scaled back plans to order the Airbus A330neo wide-body passenger jet by nearly two thirds on Friday, switching its focus instead to a long-range new version of the popular A321 series. The long-haul arm of Asia's largest budget airline group, AirAsia X Bhd, had left its fleet expansion in suspense since initially unveiling plans to order 34 more of the 250-300-seat A330neo jets, on top of 66 already on order. The deal was later thrown into doubt as AirAsia reviewed its needs and on Friday the group said it was confirming 12 of the 34 extra A330neo planes while adopting 30 of the smaller, long-range A321XLRs.

    • Reuters

      UPDATE 2-AirAsia cuts Airbus A330neo order plans, shifts to A321XLR

      Malaysian budget carrier AirAsia Group Bhd scaled back plans to order the Airbus A330neo wide-body passenger jet by nearly two thirds on Friday, switching its focus instead to a long-range new version of the popular A321 series. The long-haul arm of Asia's largest budget airline group, AirAsia X Bhd, had left its fleet expansion in suspense since initially unveiling plans to order 34 more of the 250-300-seat A330neo jets, on top of 66 already on order. The deal was later thrown into doubt as AirAsia reviewed its needs and on Friday the group said it was confirming 12 of the 34 extra A330neo planes while adopting 30 of the smaller, long-range A321XLRs.

    • AirAsia close to adjusting Airbus order plans - sources
      Reuters

      AirAsia close to adjusting Airbus order plans - sources

      PARIS/SINGAPORE (Reuters) - AirAsia Group Bhd will announce on Friday an adjustment to its large Airbus SE order plans, confirming at least part of its order for A330neos while making room for the A321XLR, two people familiar with the matter said. Airbus has been in talks for months to sell the latest addition to its narrowbody fleet, the long-range A321XLR, to its largest Asian customer in a move widely expected to lead to a restructuring of AirAsia's order for larger A330neo jets. AirAsia's long-haul arm AirAsia X Bhd last year placed an order for 34 A330neos but it was never finalised in the Airbus order book.

    • Malaysia's AirAsia reports smallest net profit since 2014
      Reuters

      Malaysia's AirAsia reports smallest net profit since 2014

      Budget airline AirAsia Group Bhd on Wednesday reported its smallest quarterly net profit since 2014 as the airline recognised losses in its Indian associate company. The group said the second-quarter results recognised the share of prior year losses at AirAsia India (AAI) as a result of an increase in its investment in that airline. AirAsia also said it was hit by foreign exchange losses during the second quarter which ended on June 30.