AirAsia operating profit up 20% in 1Q2015

AirAsia Berhad reported (28-May-2015) the following financial highlights for AirAsia and its subsidiaries for three months ended 31-Mar-2015:

• Revenue:
• • AirAsia: MYR1296.8 million (USD355.7 million), -0.4% year-on-year;
  • Thai AirAsia: THB7748.7 million (USD229.8 million), +19.6%;
  • Indonesia AirAsia: IDR1186.4 million (USD89.6 million), -14%;
• Operating profit:
• • AirAsia: MYR273.4 million (USD75.0 million), +20.4%;
  • Thai AirAsia: THB1195.0 million (USD35.4 million), +244.7%;
  • Indonesia AirAsia: (IDR388.6 billion) (USD29.4 million), compared to a loss of (IDR390.4 billion) (USD29.5 million) in p-c-p;
• Profit after tax:
• • AirAsia: MYR149.3 million (USD40.9 million), +6.9%;
  • Thai AirAsia: THB922,778 (USD27.4 million), +277.2%;
  • Indonesia AirAsia: (IDR530.8 billion) (USD40.0 million), compared to a loss of (IDR454.3 billion) (USD34.3 million) in p-c-p;
• Passenger numbers:
• • AirAsia: 5.5 million, +3.0%;
  • Thai AirAsia: 3.7 million, +19%;
  • Indonesia AirAsia: 1.6 million, -26%;
• Load factor:
• • AirAsia: 75%, -6 ppts;
  • Thai AirAsia: 83%, +3 ppts;
  • Indonesia AirAsia: 70%, -6 ppts;
• Average fare:
• • AirAsia: MYR150 (USD41.1), -9%;
  • Thai AirAsia: THB1755 (USD52.0), +3%;
  • Indonesia AirAsia: IDR603,889 (USD45.7), +16%;
• Ancillary income per passenger:
• • AirAsia: MYR47 (USD12.9), +2%;
  • Thai AirAsia: THB341 (USD10.1), -8%;
  • Indonesia AirAsia: IDR159,493 (USD12.1), +19%;
• Revenue per ASK:
• • AirAsia: MYR14.38 sen (USD4.0 cents), -9%;
  • Thai AirAsia: THB1.75 (USD5.4 cents), +3%;
  • Indonesia AirAsia: IDR413.6 (USD3.2 cents), -6%;
• Cost per ASK:
• • AirAsia: MYR11.35 sen (USD3.1 cents), -13%;
  • Thai AirAsia: THB1.48 (USD4.5 cents), -8%;
  • Indonesia AirAsia: IDR549.0 (USD4.3 cents), -3%;
• Cost per ASK excl fuel:
• • AirAsia: MYR6.0 sen (USD1.7 cents), -9%;
  • Thai AirAsia: THB0.89 (USD2.8 cents), +5%;
  • Indonesia AirAsia: IDR347.5 (USD2.7 cents), +18%. [more - original PR]

*Based on the average conversion rate at USD1 = MYR3.6469
*Based on the average conversion rate at USD1 = THB33.7255
*Based on the average conversion rate at USD1 = IDR13,215.4

AirAsia Group: "There are a number of catalysts that will drive AirAsia Group this year. The Company's performance in the first quarter of the year alone proved that despite of the challenges faced, we were able to post good numbers on the back of a better operating environment and well planned and executed internal strategies," Tony Fernandes, CEO. Source: Company statement, 28-May-2015.