My Account Menu

CAPA Login

Register to trial CAPA Membership!

AirAsia posts record 3Q profit, Malaysia Airlines returns to profitability


Malaysia Airlines returned to profitability in the third quarter (three months ended Sep-2010) with passenger and freight units performing well while AirAsia more than doubled earning in the period to a record high as travel demand improved amid the Asia Pacific region's economic recovery. AirAsia continued to outshine its full service rival that this month announced plans to expand in the market through low-cost subsidiary, Firefly. [3163 words]

Unlock the following content in this report:


  • MAS returns to profit; reports yield improvement and record load factors
  • MAS expects profitable growth in 2011
  • AirAsia reports record quarterly profit
  • Growth across all metrics: operating profit, ancillaries, load factors, yields
  • World’s lowest unit costs for AirAsia
  • 6.5 million pax in 3Q2010 for AirAsia Group
  • Thailand 'on track'; 'phenomenal' performance in Indonesia
  • AirAsia looks to drive down costs, raise yields/productivity, expand network
  • Fuel hedging: MAS and AirAsia both at 33%
  • AirAsia and MAS fleet addition funded for 2011 
  • AirAsia continues expansionist strategy; MAS to focus on growth in Asia

Graphs and data:

  • AirAsia operating margin v MAS operating margin: 1Q2008 to 3Q2010
  • AirAsia net margin v MAS net margin: 1Q2008 to 3Q2010
  • AirAsia passenger revenue per ASK v Malaysia Airlines revenue per ASK: 1Q2008 to 3Q2010
  • AirAsia cost per ASK v Malaysia Airlines cost per ASK: 1Q2008 to 3Q2010
  • Malaysia Airlines operating profit margin and net profit margin: 1Q2009 to 3Q2010
  • Malaysia Airlines’ yield development: 1995 to 2010
  • Malaysia Airlines revenue growth: 1Q2008 to 3Q2010
  • Malaysia Airlines passenger load factor v passenger yield: 1Q2008 to 3Q2010
  • Malaysia Airlines passenger numbers and passenger load factor: 2Q2008 to 3Q2010
  • Malaysia Airlines cargo load factor v cargo yield: 1Q2008 to 3Q2010
  • MASKargo load factor results v AAPA and six other Asia Pacific airlines: 3Q2009 to 3Q2010
  • AirAsia revenue growth: 1Q2009 to 3Q2010
  • AirAsia ancillary income/pax and ancillary income/pax growth: 1Q2008 to 3Q2010
  • Selected airlines RASK and CASK: Three months ended 30-Jun-2010, unless stated otherwise
  • 'Attractive valuations among airlines': as at 23-Nov-2010
  • Malaysia AirAsia passenger numbers and passenger numbers growth: 3Q2008 to 3Q2010
  • AirAsia RPK growth and ASK growth: 3Q2008 TO 3Q2010
  • Forward bookings: load factors for Dec-2010, Jan-2011 and Feb-2011 as at 23-Nov-2010
  • AirAsia Group net fleet size (calendar year)
  • MAS Kota Kinabalu hub
  • Firefly expansion and expected benefits
  • Malaysia Airlines financial highlights for the three months ended 3Q2010
  • AirAsia financial highlights for three months ended 30-Sep-2010
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.