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AirAsia Group subsidiaries report mixed profit results in 4Q2011

23-Feb-2012 10:13 AM

AirAsia revenue up 9% – financial highlights:

  • Three months ended 31-Dec-2011:
    • Revenue:
    • Total operating costs:
      • AirAsia: USD320.9 million, +19%;
      • Thai AirAsia: USD125.5 million, +39%;
      • Indonesia AirAsia: USD100.6 million, +19%;
    • Operating profit:
      • AirAsia: USD161.9 million, +13%;
      • Thai AirAsia: USD19.2 million, -34%;
      • Indonesia AirAsia: USD8.7 million, -53%;
    • Passenger numbers:
      • AirAsia: 4.9 million, +9%;
      • Thai AirAsia: 1.8 million, +12%;
      • Indonesia AirAsia: 1.3 million, +25%;
    • Load factor:
      • AirAsia: 82%, stable;
      • Thai AirAsia: 78%, -2 ppts;
      • Indonesia AirAsia: 77%, -1 ppt;
    • Average fare:
      • AirAsia: USD64.67, +4%;
      • Thai AirAsia: USD65.16, +5%;
      • Indonesia AirAsia: USD70.14, +5%;
    • Revenue per ASK:
      • AirAsia: USD 6.20 cents, +4%;
      • Thai AirAsia: USD 5.80 cents, +3%;
      • Indonesia AirAsia: USD 5.00 cents, +6%;
    • Cost per ASK:
      • AirAsia: USD3.81 cents, +2%;
      • Thai AirAsia: USD 5.01 cents, +19%;
      • Indonesia AirAsia: USD 4.60 cents, +1%;
    • Cost per ASK excl fuel:
      • AirAsia: USD 1.49 cents, -34%;
      • Thai AirAsia: USD 2.65 cents, +5%;
      • Indonesia AirAsia: USD 2.34 cents, -19%;
  • 12 months ended 31-Dec-2011:
    • Revenue:
      • AirAsia: USD1476 million, +13%;
      • Thai AirAsia: USD519.8 million, +33%;
      • Indonesia AirAsia: USD409.7 million, +34%;
    • Total operating costs:
      • AirAsia: USD1162 million, +22%;
      • Thai AirAsia: USD469.1 million, +37%;
      • Indonesia AirAsia: USD398.0 million, +47%;
    • Operating profit:
      • AirAsia: USD395.5 million, +12%;
      • Thai AirAsia: USD63.6 million, +5%;
      • Indonesia AirAsia: USD16.5 million, -52%;
    • Passenger numbers:
      • AirAsia: 18.0 million, +12%;
      • Thai AirAsia: 6.9 million, +20%;
      • Indonesia AirAsia: 5.0 million, +28%;
    • Load factor:
      • AirAsia: 80%, +2 ppts;
      • Thai AirAsia: 80%, +2 ppts;
      • Indonesia AirAsia: 77%, stable;
    • Average fare:
      • AirAsia: USD58.07, stable;
      • Thai AirAsia: USD63.20, +7%;
      • Indonesia AirAsia: USD66.66, +4%;
    • Revenue per ASK:
      • AirAsia: USD 5.66 cents, +6%;
      • Thai AirAsia: USD 5.66 cents, +10%;
      • Indonesia AirAsia: USD 4.73 cents, +5%;
    • Cost per ASK:
      • AirAsia: USD 4.14 cents, +6%;
      • Thai AirAsia: USD 4.94 cents, +14%;
      • Indonesia AirAsia: USD 4.54 cents, +13%;
    • Cost per ASK excl fuel:
      • AirAsia: USD 1.98 cents, -13%;
      • Thai AirAsia: USD 2.68 cents, +1%;
      • Indonesia AirAsia: USD 2.35 cents, +1%. [more – original PR]

*Based on the conversion rate at USD1 = MYR3.03075 for Malaysia operations
*Based on the conversion rate at USD1 = THB30.5403 for Thailand operations
*Based on the conversion rate at USD1 = IDR9045 for Indonesia operations

AirAsia Group: "Based on the current forward booking trend underlying passenger demand in the first quarter for the Malaysian, Thai and Indonesian operations remains positive. Load factors achieved in the month of January were higher than the prior year in Malaysia and slightly lower in Thailand and Indonesia, with average fares higher in all three countries." Source: Company statement, 22-Feb-2012.