and it celebrated its success with some flare. a former beauty queen turned pilot appears on its annual report. air asia was called a pioneer in 2007 for importing the low cost mad el to asia. in its eely day, some of its flights cost just a few dollars a seat. the founders saw an opportunity 234 southeast asia s rapidly growing middle class. that growth has attracted rivals. there are now nearly 60 low-cost carriers in the region and that hurt air asia s results in 2014. with the airline clocking one of its worst quarters in its 13-year history. but now, worries about revenue are giving way to worries about reputation. flight qz-8501 is air asia s first major crisis. and as investigators piece together the cause of the crash, one of malaysia s biggest
but now worries about revenue are giving way to worries about reputation. flight qz-8501 is airasia s first major crisis and as investigators piece together the cause of the crash, one of malaysia s biggest success stories could unravel. now, if you re looking for a very broad gauge of how this crash may impact the company s financial results, the stock price is somewhat of an indication. it is down about 7% over the last couple days. but just to put this into context, this is a company that generate $1.4 billion in revenue last year. no one is suggesting it is going away. what most people don t realize is just how fast this revenue has grown over the last couple of years. and what this may do is raise questions about whether that rapid expansion came too quickly
the new york times called airasia a pioneer in 2007 for the low cost model to asia. in the early days some of the flights cost $3 a. in southeast asia s rapidly growing middle class. that has attracted rivals. there are now nearly 60 low-cost carriers in the region. and that competition hurt airasia s financial results in 2014. with the airline clocking one of the worst quarters in the 13-year history. worries about revenue are giving way to worries about reputation. flight qz-8501 is air asia s first major crisis. and as investigators piece together the cause of the crash one of malaysia s biggest success stories could unravel as the world associates its brand new with tragedy.
search and rescue i should say, was conducted. and people will be asked questions about this helicopter situation. remarkable only one person has died. a story we ll stay on top of for you here on cnn. we ll also continue our coverage of flight qz 8501. and we ll have here on the safety record of the a-320 that was involved. stay with us. why do i cook for the holidays? to share with family to carry on traditions to come together, even when we re apart in stuffing, mashed potatoes gravy, and more, swanson® makes holiday dishes delicious!
the house and majority leader in terms of friendship that existed in a long time. all right. we shall see. that was fun. that s all we have for today. have a very happy new year. we will be back next week and next year, because if it s sunday, it s meet the press. f sunday, it s meet the press. we continue this hour with breaking news. crews will resume the search for a missing air asia plane in just three hour hoes. the flight disappeared last night with 162 people on board. there was no distress call. right now families are anxiously waiting for any word on what happened to that plane. welcome to special coverage on msnbc this hour. thanks for joining us. i m richard lui. we have been following the breaking story all day. air asia flight qz 8501 losing contact with ground control after taking off from indonesia on its way to singapore. the associated press says