AirAsia Indonesia operating profit increase, Thailand and Malaysia profits decline in 2Q2012

AirAsia revenue - financial highlights for three months ended 30-Jun-2012:

• Revenue:
  • AirAsia Malaysia: MYR1182 million (USD381.2 million), +9.2%; year-on-year;
  • AirAsia Thailand: THB4433 million (USD142.8 million), +16.4%;
  • AirAsia Indonesia: IDR986,516 million (USD106.8 million), +9.4%;
• Operating costs:
  • AirAsia Malaysia: MYR988.2 million (USD318.8 million), +12.1%;
  • AirAsia Thailand: THB4294 million (USD138.3 million), +19.4%;
  • AirAsia Indonesia: IDR927,196 million (USD100.4 million), +7.1%;
• Operating profit:
  • AirAsia Malaysia: MYR205.8 million (USD66.4 million), -4.2%;
  • AirAsia Thailand: THB231.1 million (USD7.4 million), -16.1%;
  • AirAsia Indonesia: IDR77,649 million (USD8.4 million), +71.6%;
• Passenger numbers:
  • AirAsia Malaysia: 4.9 million, +10%;
  • AirAsia Thailand: 1.9 million, +20%;
  • AirAsia Indonesia: 1.4 million, +15%;
• Passenger load factor:
  • AirAsia Malaysia: 80%, -1 ppt;
  • AirAsia Thailand: 79%, +1 ppt;
  • AirAsia Indonesia: 78%, +2 ppts;
• Average fare:
  • AirAsia Malaysia: MYR177 (USD57.1), +8%;
  • AirAsia Thailand: THB1962 (USD63.2), +2%;
  • AirAsia Indonesia: IDR559,207 (USD60.5), -2%;
• Revenue per ASK:
  • AirAsia Malaysia: MYR16.79 sen (USD 5.42 cents), stable;
  • AirAsia Thailand: THB1.71 (USD 5.51 cents), stable;
  • AirAsia Indonesia: IDR439.08 (USD 4.75 cents), +7%;
• Cost per ASK:
  • AirAsia Malaysia: MYR13.86 sen (USD 4.47 cents), +3%;
  • AirAsia Thailand: THB1.62 (USD 5.22 cents), +2%;
  • AirAsia Indonesia: IDR404.52 (USD 4.38 cents), +4%;
• Cost per ASK excl fuel:
  • AirAsia Malaysia: MYR7.02 sen (USD 2.26 cents), +6%;
  • AirAsia Thailand: THB0.86 (USD 2.77 cents), +1%;
  • AirAsia Indonesia: IDR203.86 (USD +2.21 cents), +2%;
• Average stage length:
  • AirAsia Malaysia: 1144 km, -2%;
  • AirAsia Thailand: 1057 km, -2%;
  • AirAsia Indonesia: 1231 km, -8%. [more - Original PR]

*Based on the average conversion rate at USD1 = MYR3.0996 for the period
*Based on the average conversion rate at USD1 = THB31.0423 for the period
*Based on the average conversion rate at USD1 = IDR9236.75 for the period

AirAsia: "Based on forward bookings, demand remain positive as the Eid ul-Fitr period will push for strong load factors in 3Q12, and positioning itself for a seasonally strong quarter. We expect to launch more exciting new routes and increase frequencies on few routes within Asean in the second half of the year. This will be supported by the deliveries of 13 (as of date) brand new A320s to be distributed among the five entities. To cater for the high demand traffic throughout the region, AirAsia has brought forward additional aircraft in 2013 and 2014 bringing the total number of aircraft to 21 and 24 respectively," Aireen Omar, CEO. Source: Company statement, 28-Aug-2012.