Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: OSK
Company Name: AIRASIA BHD
Research House: OSK
OSK Research maintains a "buy" call on AirAsia following the strong load factor and the potential set up of Singapore
AirAsia.
By optimising its fleet via longer utilisation hours and short-haul routes, the budget airline continued to succeed in sustaining above 80 per cent load factor in April, exceeding the forecast, OSK said.
On the potential set up of Singapore AirAsia, the company would be night stopping its aircraft at the Changi International Airport in the near term, in accommodating early morning flights departing from Singapore.
In a research note today, OSK said the recruitment of cabin crew was already ongoing and this could be a prelude to the setup which would be a boost to earnings for AirAsia given that Changi was an international transit point and a sweet spot in luring passengers.
Meanwhile, OSK viewed the airline's move to shift its regional headquarters to Jakarta sometime this year as to gain more recognition from the Indonesian government.
Indonesia AirAsia is the only airline operating in the country within a clean safety track record.
"This would lead to securing more new routes given the buoyant demand for air travel," it added. -- Bernama
AirAsia.
By optimising its fleet via longer utilisation hours and short-haul routes, the budget airline continued to succeed in sustaining above 80 per cent load factor in April, exceeding the forecast, OSK said.
On the potential set up of Singapore AirAsia, the company would be night stopping its aircraft at the Changi International Airport in the near term, in accommodating early morning flights departing from Singapore.
In a research note today, OSK said the recruitment of cabin crew was already ongoing and this could be a prelude to the setup which would be a boost to earnings for AirAsia given that Changi was an international transit point and a sweet spot in luring passengers.
Meanwhile, OSK viewed the airline's move to shift its regional headquarters to Jakarta sometime this year as to gain more recognition from the Indonesian government.
Indonesia AirAsia is the only airline operating in the country within a clean safety track record.
"This would lead to securing more new routes given the buoyant demand for air travel," it added. -- Bernama
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