Latest news with #AirAsia
The Star
6 hours ago
- Business
- The Star
Tourism Malaysia anticipates boost in Australian visitors with new flight route
PETALING JAYA: Tourism Malaysia is eagerly anticipating an increase in Australian visitors with AirAsia now operating the Darwin-Kuala Lumpur route. Tourism Malaysia celebrated the arrival of AirAsia's inaugural flight from Darwin, Australia, at Kuala Lumpur International Airport (Terminal 2) on Friday (June 27). The route marks a significant step in enhancing connectivity and opening a new gateway for tourists and business travellers between Malaysia and Australia's Northern Territory. Tourism, Arts and Culture Ministry deputy secretary-general Chua Choon Hwa stated that the new route will build momentum towards the Visit Malaysia Year 2026 (VM2026). "The vital Darwin-Kuala Lumpur route is a testament to Australia's standing as one of Malaysia's top visitor-generating markets. The launch is perfectly timed as we celebrate 70 years of diplomatic relations in 2025 and build momentum towards VM2026," he said in a statement. "We look forward to welcoming more Australian visitors to experience our unique cultural diversity and commitment to sustainable tourism," added Chua. In 2024, Malaysia recorded 447,785 visitor arrivals from Australia, which is an 11.7% increase from 2023 and 6.3% above pre-pandemic 2019 levels. For the year 2025, Malaysia is targeting 43 million international visitor arrivals, expected to generate RM283.8 billion in visitor receipts. The Darwin-Kuala Lumpur route will operate four times a week, namely on Monday, Wednesday, Friday, and Sunday. The Airbus A320neo aircraft that will be used for the route has a seating capacity of 180 people.
Daily Express
9 hours ago
- Business
- Daily Express
New Kuala Lumpur - Darwin route to boost tourism
Published on: Saturday, June 28, 2025 Published on: Sat, Jun 28, 2025 Text Size: DARWIN: AirAsia Malaysia officially launched its inaugural Kuala Lumpur–Darwin route with a strong load factor of nearly 90 per cent, reinforcing the airline's commitment to boosting tourism in the Northern Territory. AirAsia Malaysia officially commenced operations on June 27, marked by the landing of flight AK612 at Darwin International Airport. Air Asia flight AK612 will operate four times a week. The launch of this new route marks a significant milestone for AirAsia and its strong ties with Australia. Minister for Trade, Business and Asian Relations, Robyn Cahill OAM joined AirAsia on its maiden flight to Darwin said, the Territory's aviation sector continues to go from strength to strength with this new route providing a boost to tourism, growing business and trade and connecting Territorians with a new international flight option (pic). 'We look forward to welcoming more Australian travellers to experience our unique cultural diversity and commitment to sustainable tourism. In 2024, Malaysia recorded 447,785 visitor arrivals from Australia, an 11.7 per cent increase from 2023 and 6.3 per cent above pre-pandemic 2019 levels,' said Datuk Manoharan Periasamy, Director-General of Tourism Malaysia. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
GMA Network
a day ago
- Business
- GMA Network
AirAsia MOVE gets P6M fine for ‘excessive airfares'
Flights, accommodations, and rides booking platform AirAsia MOVE was slapped with a P6 million penalty after government officials flagged it over alleged 'excessive' one-way plane tickets. In a statement on Friday, the Department of Transportation (DOTr) said it welcomed the Civil Aeronautics Board's (CAB) 'swift action' in penalizing AirAsia MOVE 'after it posted excessive and unreasonable airfares on its booking platform.' 'The P6-million penalty imposed on AirAsia MOVE sends a clear message: the government will not tolerate any form of abuse to Filipino passengers,' the DOTr said. 'The DOTr will continue to protect the rights of the commuting public and to hold accountable those who violate established consumer protection regulations,' DOTR added. GMA News Online reached out to AirAsia MOVE for comment. The story will be updated once a response has been received. Previously, AirAsia MOVE chief executive officer Nadia Omer said it does not manually set or manipulate airfares, as it clarified that it is an online travel agency that displays flight inventory and pricing as provided by its authorized upstream suppliers. 'The discrepancies in fare displays for certain routes, including domestic flights operated by Philippine Airlines, were caused by temporary data synchronization issues with flight pricing partners,' she said. Omer also said that they have taken 'immediate steps' and brought up the matter with the third-party pricing provider for resolution and have since enhanced safeguards to prevent a repeat of the situation.. 'MOVE has been working closely with relevant authorities and is fully compliant with all regulatory requirements applicable to Online Travel Agencies (OTAs) operating in the Philippines,' she said. Transportation Secretary Vince Dizon earlier said he was seeking the filing of charges and closure of AirAsia MOVE, citing Leyte Representative Richard Gomez's report that the lawmaker and his wife bought two one-way tickets from Tacloban to Manila for P77,704 through the Malaysia-based booking platform. Dizon also said that airline firm AirAsia does not have anything to do with the platform. 'They're affiliated but I don't think AirAsia, in fairness to AirAsia Philippines, no, the airline… I don't think they have anything to do with this,' Dizon said. The controversial flight rates came to light amid the ongoing repair of the San Juanico Bridge, which disrupted movement in the Eastern Visayas causing passenger and cargo fares to spike. —VAL, GMA Integrated News
Yahoo
2 days ago
- Business
- Yahoo
Should You Think About Buying AirAsia X Berhad (KLSE:AAX) Now?
AirAsia X Berhad (KLSE:AAX), might not be a large cap stock, but it led the KLSE gainers with a relatively large price hike in the past couple of weeks. While good news for shareholders, the company has traded much higher in the past year. As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value. Is there still an opportunity here to buy? Let's examine AirAsia X Berhad's valuation and outlook in more detail to determine if there's still a bargain opportunity. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Great news for investors – AirAsia X Berhad is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that AirAsia X Berhad's ratio of 4.14x is below its peer average of 8.6x, which indicates the stock is trading at a lower price compared to the Airlines industry. However, given that AirAsia X Berhad's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. View our latest analysis for AirAsia X Berhad Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by a double-digit 12% over the next couple of years, the outlook is positive for AirAsia X Berhad. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? Since AAX is currently trading below the industry PE ratio, it may be a great time to accumulate more of your holdings in the stock. With an optimistic profit outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current price multiple. Are you a potential investor? If you've been keeping an eye on AAX for a while, now might be the time to enter the stock. Its prosperous future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy AAX. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision. Diving deeper into the forecasts for AirAsia X Berhad mentioned earlier will help you understand how analysts view the stock going forward. So feel free to check out our free graph representing analyst forecasts. If you are no longer interested in AirAsia X Berhad, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Indian Express
2 days ago
- General
- Indian Express
Gaurav Taneja, aka Flying Beast, spotted blood stain on wing before take-off, was told to ignore it: ‘What if flaps failed mid-air?'
The Air India Flight 171 crash shocked the nation, claiming 270 lives. Now, former commercial pilot Gaurav Taneja, famously known as the Flying Beast on YouTube, shared that human error is often caused by a variety of factors that expose the systemic issues in the Indian aviation industry. While he was among the first to suggest that the crash was caused by a rare dual engine failure, in a later video, he suggested that human error might have been a factor as well. He said that several things must've gone wrong on the fateful day for a crash of such magnitude to occur. On Prakhar ke Pravachan podcast, Gaurav revealed how airline management often ignores issues raised by pilots to avoid delays, only to blame them if something goes wrong. Recounting his own experience as a commercial pilot, Gaurav shared, 'It happened with me once. I was walking around and I saw some blood stains on the wing. I thought it must be some bird. Must have come in the way while landing. In such cases, the aircraft needs to be thoroughly checked but the ground staff there told me, 'Sir, I will clean it up, you take it away.' I was like, 'What does that mean?'' Gaurav shared the risks of avoiding such incidents. 'Now imagine if the bird has entered the engine. What if I am unable to operate it when I am in the air. The flaps could be affected. The ground staff said, 'Sir, you write about this in the next sector, abhi delay ho raha hai (It is getting late).' After a point, I stopped doing all this.' ALSO READ | Gaurav Taneja, aka Flying Beast, questions mass-construction around Indian airports, says Air India 171 tragedy could've been averted even if there was jungle land Gaurav added that pilots think they are helping the management by making adjustments and adhering to such requests, but in reality, they are risking the lives of people flying with them. 'You are there to work, your work is to do safe take offs and landings, if you think you are helping the management, you are actually not. It always backfires because if anything goes wrong, they always blame the pilot,' he said. In the same podcast, Gaurav, who was fired from Air Asia for pointing out alleged malpractices at the airline, shared that the ground staff is often under pressure to maintain punctuality. Under pressure, they ignore issues with the aircraft, requesting pilots to raise their concerns later. ALSO READ | Gaurav Taneja defends deceased pilots in Air India crash; calls out big companies for shifting blame: 'It gets easy to claim insurance' 'A common practice in aviation is for engineers to request pilots not to log complaints. If the complaint is logged, an entire procedure has to be performed. This causes delays. They will tell you that they will okay the aircraft to fly, and ask you to raise the concern at Delhi. They tell you to report 'in-air failures', or that some issue happened after take-off. But everyone knows the truth. This is an endless back-and-forth between pilots and engineers. Companies need to change their ways. They shouldn't take such big risks over one or two minutes,' he said.
