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AirAsia reports second consecutive quarterly loss, but best ever operating quarter in 4Q08


AirAsia unveiled a second consecutive quarterly net loss of USD47.4 million in the three months ended 31-Dec-08 (compared to a net profit of USD65.8 million in the previous corresponding period) on revenue of USD224.7 million. [2105 words]

Unlock the following content in this report:


  • Excellent non-fuel cost controls
  • Ancillary revenue a star performer
  • Major breakthrough with profits at Indonesia AirAsia
  • Thai AirAsia performs "exceptional" well to counter challenging operating conditions
  • Secures financing for 15 new A320s
  • Contrarian approach: keeping network growth intact; sees 15-20% pax growth in 2009
  • Reports increased profit in 2008
  • Outlook: A great time to be the world's lowest cost operator

Graphs and data:

  • AirAsia financial highlights for three months ended 31-Dec-08
  • AirAsia EBITDAR and operating margins: 1Q08 to 4Q08
  • AirAsia Group (including AirAsia Associates) passenger numbers (000s): 2002 to 2009F
  • AirAsia (Malaysia) passenger numbers and passenger load factor: 1Q07 to 4Q08
  • AirAsia cost per ASK (Sen) vs cost per ASK without fuel
  • AirAsia cost per ASK (Sen) breakdown: 4Q07 to 4Q08
  • AirAsia ancillary revenue per pax and ancillary revenue % revenue: 1Q07 to 4Q08
  • AirAsia Group consistently gaining market share: 2002 to 2008
  • AirAsia fleet plans: 2009 to 2014
  • AirAsia route growth: Jan-02 to Feb-09
  • AirAsia destination map: Feb-09
  • AirAsia guidance for 2009
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