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AirAsia X set to be profitable in 2009; remains bullish regarding outlook

18-Nov-2008

AirAsia X, which celebrates its first anniversary this month, stated it remains bullish about its outlook amid the current economic slowdown, with CEO, Azran Osman-Rani, stating, “there is no slowdown (for us). Our load factor is good” – reportedly at around 82%. [1201 words]

Unlock the following content in this report:

Subheadings:

  • Takes delivery of first of 25 high capacity A330-300s
  • Benefiting from positive cashflow and strong branding in securing aircraft financing
  • Pressing ahead with network expansion plans

Graphs and data:

  • AirAsia X fleet plan: 2009 to 2012: (as at 13-Nov-08)
  • Sample LCC unit cost (per ASK; USD cents)
  • AirAsia X planned network expansion
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