KUALA LUMPUR: Shares of MALAYSIAN AIRLINE SYSTEM BHD [] and AIRASIA BHD [] slipped on Monday, May 30 after both the airlines last week had reported lower'' earnings in the first quarter ended March 31, 2011.
At 11.25am, MAS fell eight sen to RM1.37 with 11.53 million shares done while AirAsia lost six sen to RM2.98 with 1.79 million shares traded.
MAS had posted net loss of RM242.34 million in the first quarter ended March 31, 2011 versus net profit of RM310.04 million a year ago.
Meanwhile, AirAsia's net profit fell 23.2% to RM171.93 million for the first quarter ended March 31, 2011.
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At 11.25am, MAS fell eight sen to RM1.37 with 11.53 million shares done while AirAsia lost six sen to RM2.98 with 1.79 million shares traded.
MAS had posted net loss of RM242.34 million in the first quarter ended March 31, 2011 versus net profit of RM310.04 million a year ago.
Meanwhile, AirAsia's net profit fell 23.2% to RM171.93 million for the first quarter ended March 31, 2011.
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