29 August 2012
AirAsia Bhd. (AIRA), the region’s biggest discount carrier, may sign an order for as many as 100 Airbus SAS aircraft at next month’s Berlin airshow after reporting an 11-fold jump in quarterly profit.

Negotiations with Airbus are going “quite well,” Chief Executive Officer Aireen Omar said in a Bloomberg TV interview today. The carrier would like to sign the deal in Berlin, she said. The show starts Sept. 11.

AirAsia already has outstanding orders for 272 single-aisle A320s as it adds new ventures across the region and wins travelers with low-cost fares. The carrier’s passenger numbers jumped 10 percent in the quarter through June and forward bookings remain “strong,” Aireen said.

The outlook for AirAsia remains positive,” Annuar Aziz and Timothy Ross, analysts at Credit Suisse Group AG, wrote in a report today. They reiterated an overweight rating on the airline’s stock and more than doubled their full-year earnings per share forecast.

See the full article at Bloomberg