AirAsia will only start equity accounting its share of profits from Thai AirAsia (TAA) and Indonesia AirAsia (IAA) when the unrecognised losses at the carriers have been reversed. However analysts expect the associate airlines will be on target to post a profit from 2013. Analysts added that another consideration would be the impending listings of TAA and IAA, which would see an equity injection and allow them to re-capitalise. This could expedite AirAsia’s equity accounting. As of Dec 31, 2010, TAA’s unrecognised share of net loss is RM127.8mil and IAA’s unrecognised share of net loss is RM196.6mil (based on AirAsia’s

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