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AirAsia X forecasts revenue to continue to rise in 2H2009

27-Aug-2009

AirAsia announced earlier in Aug-2009, that AirAsia X remained a profitable subsidiary for the group with a strong cash flow in 1H2009, forecasting revenues would continue to increase in 2H2009, with forward loads currently stronger than they were in the first six months of the year. The carrier reported a core operating profit of USD1.3 million for the period. [1437 words]

Unlock the following content in this report:

Subheadings:

  • Seeking loans to purchase aircraft
  • Malaysian Government delays approval of Sydney and Incheon services
  • Expands Kuala Lumpur-Taipei service
  • To launch Kuala Lumpur-Chengdu service
  • Further considering expansion plans the US
  • Confirms Abu Dhabi as its “virtual hub” in the Middle East
  • Expansive network planned

Graphs and data:

  • AirAsia financial highlights for three months ended 30-Jun-2009
  • AirAsia X fleet expansion plans: 2009 to 2018
  • Abu Dhabi capacity share by carrier (week commencing 24-Aug-09)
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