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PETALING JAYA: AirAsia X Bhd saw its net profit in the fourth quarter ended Dec 31, 2016 (Q4FY16) plunge 80.24% to RM39 million, from RM197.43 million in the same period last year, mainly due to unrealised foreign exchange losses of RM93.2 million for the three months. Revenue rose 39.1% to RM1.17 billion, compared with RM841.14 million in the previous corresponding quarter, driven by higher income from scheduled flights, ancillary services, aircraft operating lease, charter flights as well as freight and cargo operations. The group posted a net profit of RM230.54 million for 2016 – its first full year in the black since its listing in 2013 – against a net loss of RM349.6 million a year ago, while revenue rose 30.82% to RM4 billion, from RM3.06 billion previously. In a filing with Bursa Malaysia yesterday, the long-haul, low-cost airline said its revenue per available seat kilometre for Q4 was down 3% to 13.
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Providers of streaming services such as DirecTV Now and Sling TV typically try to calm the fears of programmers that like the lucrative traditional pay TV bundle by saying that they aim to supplement, not replace, it. But Dish Network CEO Charlie Ergen doesn't buy that anymore. The so-called over the top (OTT) services are becoming a direct replacement for cable and satellite, he said in a call to discuss his company's Q4 performance. And programmers who want to keep...
EVO
14 hours
Not yet, and not in the UK at any rate. Inevitably all are four-wheel-drive, featuring the same clever electronic Q4 system pioneered on the Giulia that can vary torque by up to 50 per in either direction. Image 3 of 15 Image 3 of 15 Front suspension is by conventional double wishbones while at the rear there’s a four-and-a-half multilink system, both ends being near identical in design to those of the Giulia. But the ride height is around 140mm higher than in the Giulia, which means the centre of gravity is also much higher, and as a result the dampers of the Stelvio are “quite a bit more expensive” than those of the Giulia. Why? Because Alfa’s intention was/is to make the Stelvio feel subjectively identical to the Giulia to drive. Which means the dampers, the entire suspension indeed, must work harder for its supper if a) the same roll and yaw control is to be achieved while b) some kind of ride quality is maintained.
Auto Express
14 hours
Image 2 of 25 Image 2 of 25 Based heavily on the underpinnings of the well received Giulia saloon, the Stelvio will initially come with two engine choices in the UK; a 2.0-litre turbo petrol unit with 276bhp and 400Nm, or a 2.2-litre diesel with 207bhp and 470Nm. Both versions will come with an eight-speed automatic gearbox as standard, with a manual not even available as an option. Both will be all-wheel-drive, featuring the same clever Q4 system pioneered on the Giulia. Eventually a more potent 503bhp flagship will join the mainstaysusing the same Ferrari -derived V6 twin-turbo as the Giulia Quadrifoglio . The 0-62mph sprint for this £60,000-plus mega Stelvio will be under four seconds, says Alfa, but it wont go on sale here until 2018. So for the time being, Stelvio cutomers will have to make do with the two versions we’ve driven here.
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