AirAsia Group Bhd shares soared to their highest level in a month in the early trading session today following a strong recovery by the company regarding a further increase in demand for air travel.
At the time this article was written, AirAsia's stock had surged by 7.24% or 6 cents to 82 cents, bringing its market value to RM2.54 billion.
The company also saw about 35.28 million shares being traded.
The company staff was among the most active in the Malaysia Stock Exchange trading session this morning.
AirAsia shares have increased by 22.39% from their lowest level of 67 cents on January 25.
According to Bernama's report, he picked AirAsia's reality last night as saying, AirAsia Malaysia (MAA) ended the fourth tribe by carrying as many as 834,934 passengers which was a load factor of 72%, despite the decline in effect in October and November following the original implementation of the country's rent-sharing movement.
“AirAsia Group Bhd has proven to be driving the recovery phase in an important way with its main operating metrics increasing in December 2020 compared to September of the same year.
This continues to increase by 31%, especially the number of passengers carried by AirAsia Thailand (TAA), the number of AirAsia Philippines (PAA) passengers which has doubled while the number of AirAsia Indonesia (IAA) passengers has increased by 11 times, "said the Bernama report.
Meanwhile, Public Invest Research in its note today said the acquisition of AirAsia Group Bhd in the fourth term of the 2020 financial year (4QFY20) and passenger results data which will be issued within two weeks will be in front of the pressure following a decrease in the number of passengers and losses incurred.
However, the firm perpetuates an "outperform" suggestion against the company at an unchanged target price of 39 cents.
