AirAsia Group CEO Tony Fernandes, on his Twitter account, stated (04-Nov-2013): "Just finalised 3rd quarter numbers. Very pleased. 4th quarter looks very very strong. Costs down as well. 2014 going to be a big year."
AirAsia Group 'very pleased' with 3Q results, 4Q looking 'very very strong'
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Lion Group expands fleet by 16 aircraft in 1H2016, surpassing the 250 aircraft milestone
Indonesia-based Lion Group expanded its fleet by 16 aircraft in 1H2016, cementing its position as the largest airline group in Southeast Asia. Lion now has a fleet of more than 250 aircraft while its rival AirAsia – the region’s second largest group – has under 200 aircraft based in Southeast Asia.
However a net gain of 16 aircraft over the last six months marks a slowdown for Lion. The group’s fleet grew by 59 aircraft in 2015 and 39 aircraft in 2014.
None of Lion Group’s five airline subsidiaries or affiliates added more than five aircraft in 1H2016, resulting in relatively modest capacity expansion. The rate of expansion will likely pick up in 2H2016 but not approach previous levels.
All 7 AirAsia affiliates improve in 1Q2016: Southeast Asian airlines' profits increase 50%
Southeast Asia’s airline sector experienced a further improvement in profitability in 1Q2016, boosted by lower fuel prices and more favourable conditions in most of the region’s main markets. However, profitability in Southeast Asia remains at a much lower level than in most other regions due to intense competition and overcapacity in some markets.
A sampling of 20 Southeast Asian airlines recorded approximately a 50% increase in operating profits in 1Q2016. Among the 20 airlines, 14 reported year-over-year improvements, including all seven of the AirAsia-branded airlines.
The increase in profits to nearly USD700 million in 1Q2016 follows a significant improvement in profitability in 2015. The same group of 20 Southeast Asian airlines swung from a collective operating loss of over USD800 million in 2014 – when market conditions were extremely challenging – to a profit of more than USD1.2 billion in 2015. With 1Q2016 profits at a level of more than half the 2015 full year profits, the outlook for 2016 is now relatively bright.