AirAsia reports strong operating profit growth in 3Q2015

AirAsia revenue up 15% - financial highlights for three months ended 30-Sep-2015:

• Revenue: MYR1516 million (USD374.1 million), +15.1% year-on-year;
• • Baggage fees: MYR126.9 million (USD31.3 million), +14.8%;
• Costs:
• • Fuel: MYR515.5 million (USD127.3 million), -1.1%;
  • Labour: MYR178.7 million (USD44.1 million), +12.7%;
• Operating profit: MYR316.0 million (USD78.0 million), +57.7%;
• Share of results of associates:
• • Thai AirAsia: MYR9.7 million (USD2.4 million);
  • Indonesia AirAsia: (MYR155.7 million) (USD38.4 million);
  • AirAsia India: (MYR29.7 million) (USD7.3 million);
  • AirAsia Japan: (MYR5.6 million) (USD1.4 million);
• Net profit (loss): (MYR405.7 million) (USD100.2 million), compared to a profit of MYR5.4 million (USD1.3 million) in p-c-p;
• Passenger numbers: 6.3 million, +19%;
• Load factor: 82%, +5 ppts;
• Average fare: MYR157 (USD38.8), -7%;
• Revenue per ASK: MYR 15.84 sen (USD 3.9 cents), +3%;
• Cost per ASK: MYR 12.54 sen (USD 3.1 cents), -4%;
• Cost per ASK excl fuel: MYR7.15 sen (USD 1.8 cents), +2%;
• Average stage length: 1246 km, +1%;
• Total assets: MYR21,865 million (USD5397 million);
• Deposits, bank and cash balances: MYR2400 million (USD592.6 million);
• Total liabilities: MYR18,044 million (USD4454 million). [more - original PR]

*Based on the average conversion rate at USD1 = MYR4.051