Low Cost Airline News - Asia / Pacific.

Dec 4, 2006

AirAsia

AirAsia traffic, operating profit rise on domestic network takeover. AirAsia reported MYR5.7 million ($1.6 million) in net income for its fiscal first quarter ended Sept. 30, reduced from an MYR8.7 million profit in the year-ago quarter, a 34.5% drop the airline attributed to more than MYR5 million in deferred taxation that negatively impacted otherwise strong results. Dec 1, 2006

Virgin Blue, Toll Holdings

Australia's Toll Holdings, which acquired a 62% interest in Virgin Blue last spring when it bought former stakeholder Patrick Corp., said yesterday that a review of the acquisition "confirmed...that the investment offered further value enhancement for Toll shareholders and that this would remain the company's focus." Toll MD Paul Little said that an active fuel hedging program and customer-focused improvements, as well as the recent E-170/190 order, signal "some exciting prospects" at the carrier, including possible transpacific services. Toll also will give Blue a "pivotal" role in its airfreight business. Nov 29, 2006

Z Editor: Aram Gesar, eMail: [e-mail]

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Nov 13, 2006