Welcome to AirAsia! AirAsia Berhad (AirAsia) is a one of the public listed on the Main Market of Bursa Malaysia in November 2004. …show more content…
AirAsia is the first airline in the region to launch ticketless concept. AirAsia operates through a fleet of more than 174 A320 aircraft and from its 20 hubs in Malaysia, Thailand, Philippines, India and Indonesia. The company, along with its subsidiaries, operates flights connecting 109 destinations across 18 countries. In FY2016, AirAsia carried 56.6 million passengers. The company had announced its plan to increase its current flights by doubling daily services from Kuala Lumpur to Seoul since December 2014 (Tengku Akbar Tengku Abdullah, 2010). The company signed an agreement worth over US$1.5 billion to purchase CF6-80E1 engines for its 25 new Airbus A330-300 aircraft from General Electric Aviation (GE Aviation). Financially, the …show more content…
This enables users to assess the rendering of accountability by prepares. The predictive and confirmatory roles of financial information are inter-related. For example, financial information about the current level and structure of asset holdings will have value to users when they endeavor to assess an entity's ability to take advantage of opportunities in the market place. That same information will play a confirmatory role in respect of past predictions about the way in which the entity would be structured and about the outcome of planned operations. Analysis of the relationship between predictions and outcomes will assist users to identify the range of variables they ought to be considering when making predictions. To have predictive value, financial information need not be in the form of an explicit forecast. The example given in the previous paragraph illustrates this point. It should also be noted that in that example the preparers of the information relating to asset levels and structures would have needed to make predictions about future cash flows in order to determine appropriate measurements for the assets (for example, the carrying amounts of debtors,