surged 5.5 sen or 8.08% to 73.5 sen a share at the start of Wednesday trading following a positive earnings performance in its recent quarter.As at 9.25am, the stock was trading 18 sen or 26.47% higher at 86 sen a share on high volume of 18.76 million shares.
The net profit result was a six-fold increase quarter-on-quarter from RM25.09mil, which the airline attributed to record average base fare and a higher passenger load factor. "For the year 2023, the company expects to relaunch more of its profitable destinations and looks forward to the return to China with the announcement of the reopening of the country’s border in January 2023, in addition to our planned inaugural flight to Turkey this year," said AirAsia X CEO Benyamin Ismail in a statement.