KUALA LUMPUR (Feb 10): Shares in AirAsia Group Bhd rose to a one-month high in early active trade today due to the group’s solid rebound for air travel demand.
At the time of writing, AirAsia had risen 7.24% or six sen to 82 sen, valuing the group at RM2.54 billion. It saw some 35.28 million shares traded.
It was the eighth most active stock on Bursa Malaysia this morning.
The stock grew 22.39% from its low of 67 sen on Jan 25.
Bernama news report quoted the group as saying that AirAsia Malaysia closed the fourth quarter (4Q) with 834,934 passengers carried on a healthy 72% load factor, despite the setback in October and November given the reimplementation of interstate travel restrictions.
“AirAsia Group Bhd is navigating its…