Airasia had continue to make a profit for 3 qaurter 2009. I believe airasia will make profit again on 4th quarter 2009 and share price will move higher to target price of RM2.00 due to rising passenger. Why? It is based on below factor:
1) Year end normally had more people go for holiday due to school holiday and also festival season like X'mas, New Year .
2) Working adult is force to clear their last year annual leave.
3) Most people will choose budget airline while traveling oversea for short holiday due to budget concern and uncertainty of economy outlook.
4) If you check on Airasia website, the ticket fare for now until year end 09 is quite high compare to 3rd quarter.
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