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AirAsia’s profits hit by rising fuel costs: Near term outlook solid, but squeeze in 2011?

1-Jun-2010

AirAsia reported strong revenue, passenger growth and margins in its latest financial report for the three months ended 31-Mar-2010. The carrier is also optimistic about the outlook for its business. One pleasing aspect was the substantial improvement in AirAsia’s openness and transparency regarding the performance of its Indonesian and Thai operations, as preparations begin for a potential IPO of Thai AirAsia. Investors welcomed the overall result, sending AirAsia’s shares 4.3% higher on the day of the earnings report (31-May-2010). [2108 words]

Unlock the following content in this report:

Subheadings:

  • 10% increase in revenue and net profits. EBITDAR falls as fuel prices hurt
  • Ancillary revenues performing well
  • More detail about Indonesia and Thailand
  • Group route and fleet plans: India and ASEAN in focus
  • Outlook: 2010 looks good, but squeeze could be on in 2011. Fuel and airport capacity the key risks
  • AirAsia moves to the next stage of Asian evolution: Thai and Indonesia IPOs?

Graphs and data:

  • AirAsia passenger numbers: 1Q2009 vs 1Q2010
  • AirAsia EBITDAR and profit after tax margins (%): 1Q2010
  • AirAsia passenger load factor: 1Q2009 vs 1Q2010
  • AirAsia Group ancillary income/pax and ancillary income growth (% change year-on-year): 1Q2008 to 1Q2010
  • AirAsia RASK and CASK growth (US cents) (% change year-on-year): 1Q2010
  • AirAsia unit cost breakdown at Malaysian (MAA), Thai (TAA) and Indonesian (IAA) operations: 1Q2010
  • AirAsia revenue and ancillary income growth (% change year-on-year): 1Q2010
  • AirAsia Group Fleet: 31-Mar-2010
  • AirAsia route plans
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