AirAsia Group reports mixed profit results in 1Q2011
AirAsia Group revenue up 24% - financial highlights for the three months ended 31-Mar-2011:
- Revenue: USD563.1 million, +24% year-on-year;
- AirAsia*: USD342.9 million, +20%;
- Thai AirAsia**: USD134.4 million, +33%;
- Indonesia AirAsia***: USD90.5 million, +38%;
- Operating costs:
- AirAsia: USD263.8 million, +14%;
- Thai AirAsia: USD106.4 million, +24%;
- Indonesia AirAsia: USD89.4 million, +40%;
- Operating profit: USD107.8 million, +52%;
- AirAsia: USD79.1 million, +46%;
- Thai AirAsia: USD27.9 million, +88%;
- Indonesia AirAsia: USD1.0 million, -40%;
- Profit before tax: USD96.5 million, -9%;
- AirAsia: USD66.4 million, -21%;
- Thai AirAsia: USD26.7 million, +30%;
- Indonesia AirAsia: USD3.7 million, +588%;
- Profit after tax: USD86.3 million, -9%;
- AirAsia: USD56.3 million, -23%;
- Thai AirAsia: USD26.7 million, +30%;
- Indonesia AirAsia: USD3.7 million, +588%;
- Passenger numbers: 7.2 million, +19%;
- AirAsia: 4.3 million, +17%;
- Thai AirAsia: 1.8 million, +23%;
- Indonesia AirAsia: 1.1 million, +22%;
- Load factor: 81%, +6 ppts;
- AirAsia: 80%, +6 ppts;
- Thai AirAsia: 84%, +3 ppts;
- Indonesia AirAsia: 79%, +7 ppts;
- Average fares:
- AirAsia: USD53.66, -5%;
- Thai AirAsia: USD61.99, +5%;
- Indonesia AirAsia: USD64.97, +12%;
- Revenue per ASK:
- AirAsia: USD 5.38 cents, +12%;
- Thai AirAsia: USD 5.95 cents, +13%;
- Indonesia AirAsia: USD 4.63 cents, +10%;
- Cost per ASK:
- AirAsia: USD 4.14 cents, +6%;
- Thai AirAsia: USD 4.70 cents, +5%;
- Indonesia AirAsia: USD 4.58 cents, +12%;
- Cost per ASK excl fuel:
- AirAsia: USD2.21 cents, -1%;
- Thai AirAsia: USD 2.76 cents, -2%;
- Indonesia AirAsia: USD 2.61 cents, +15%. [more]
*Based on the conversion rate USD1 = MYR3.0561
**Based on the conversion rate USD1 = THB30.41
***Based on the conversion rate USD1 = IDR8,565
AirAsia Group: "Forward bookings in 2Q2011 higher compared to 2Q10 despite fuel surcharge being Imposed," Company statement. Source: AirAsia Group, 24-May-2011.
AirAsia Group: "We are still anticipating the launch of our AirAsia Philippines in the second half and I am just excited on the progress to get this venture started. We are also re-looking into Vietnam and hopefully an exciting announcement will follow suit soon. These moves will further strengthen our presence in the ASEAN skies," Tony Fernandes, CEO. Source: AirAsia Group, 24-May-2011.