AirAsia Philippines, thelocal unit of Southeast Asia’s largest budget carrier AirAsia Berhad, said the operating environment in the country remains challenging but it expects its performance to improve in the remainder of the year.
“The outlook for the second half of 2014 should be seen in the context of the current prices of oil and aviation fuel. The operating environment in the Philippines remains challenging, but an improved performance is expected in the remainder of the year,” the airline said.
Barring any unforeseen circumstances, prospects of the Group remain positive for the second half of 2014, it added.
In the Philippines, forward loads for the third quarter are slightly higher than in the prior year with base fares in the months of July and August 2014 higher than in the previous year. Tourist arrivals in the Philippines continue to post remarkable growth, which augurs well for AirAsia and the aviation industry.
AirAsia Philippines was incorporated in the Philippines and is 40 percent owned by AirAsia Berhad.
At present, the airline flies from Manila to Incheon, Tacloban, Tagbilaran, and Puerto Princesa. ROSALIE C. PERIABRAS