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AirAsia records profit despite rising fuel costs

AirAsia records profit despite rising fuel costs

23 August 2011 Airline News

AirAsia has seen its net profit slip for the second quarter of financial 2011 as rising fuel costs hit results. The largest no-frills carrier in Asia saw net profit fall to $35 million for the period, down from $67 million a year earlier.

Malaysia Airlines links up with AirAsia

Malaysia Airlines links up with AirAsia

10 August 2011 Airline News

Owners of Malaysia Airlines and AirAisa have agreed to a share swap to allow the two carriers to work together on a broad range of areas. Under the terms of the deal, Khazanah Nasional, which has a 69.5 per cent stake in MAS, will take up ten per cent of AirAsia while Tune Air Sdn, which owns some 23 per cent of the budget airline, will hold 20.5 per cent in MAS.

ANA joins hands with AirAsia for low-cost carrier

ANA joins hands with AirAsia for low-cost carrier

25 July 2011 Airline News

All Nippon Airways has confirmed it will join with AirAsia to launch a low-cost carrier based at Narita International Airport in Japan. In a move designed to allow access the developing budget market in Asia, AirAsia Japan – as the carrier will be known – is expected to launch in August 2012.

Singapore Airlines to launch long-haul budget carrier

26 May 2011 Airline News

Singapore Airlines has unveiled plans to launch a low-cost, long-haul carrier. The new carrier is expected to start operations within a year, and will be wholly owned by SIA but managed independently. It is expected to fly routes over five hours, competing with the likes of Jetstar Airways and AirAsiaX.

New booking features at AirAsia

New booking features at AirAsia

13 May 2011 Press Release Airline News

AirAsia’s guests can now breeze through their flight booking process with the introduction of two new booking features on both its web and mobile platforms for AirAsia members – the ‘Family & Friends List’ and ‘1-Click Card’.

Richard Branson tops UK travel rich list

Richard Branson tops UK travel rich list

9 May 2011 Focus

Sir Richard Branson, long one of the most visible faces in the UK tourism sector, has topped the travel entrants on the 2011 Sunday Times Rich List. Revealed over the weekend, Sunday Times research placed his fortune at a staggering £3.085 billion – a 19 per cent increase on last year.