AirAsia - Raising Fuel Surcharge By 30-50%

Stock Name: AIRASIA
Company Name: AIRASIA BHD

Research House: RHB

Price Call: HOLD

Target Price: 3.72

AirAsia ' Raising Fuel Surcharge By 30-50%                     Market Perform

News Update

''       AirAsia has raised its fuel surcharge by 30-50% to 'offset the constant high jet fuel prices which has been trading at an average of US$136/bbl in Mar 2012'.

''       AirAsia expects to recoup an additional US$5/bbl of the fuel bill with the fuel surcharge hikes.

''       Fair value is RM3.72.  Maintain Market Perform.
Source: RHB Research - 28 March 2012