AirAsia operating profit up 40% in 2Q2015
AirAsia revenue up 1% - financial highlights for three months ended 30-Jun-2015:
- Revenue: MYR1325 million (USD362.2 million), +1.1% year-on-year;
- Costs:
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- Fuel: MYR476.5 million (USD130.3 million), -18.1%;
- Labour: MYR192.6 million (USD52.7 million), +25.2%;
- Operating profit: MYR243.5 million (USD66.6 million), +39.8%;
- Profit after tax: MYR243.0 million (USD66.4 million), -33.8%;
- Passenger numbers: 6..0 million, +7%;
- Load factor: 80%, stable;
- Revenue per ASK: MYR 14.56 sen (USD 4.0 cents), -5.2%;
- Cost per ASK: MYR 11.88 sen (USD 3.2 cents), -10.8%;
- Cost per ASK excl fuel: MYR 6.65 sen (USD 1.8 cents), +2.3%;
- Average stage length: 1230 km, +1%. [more - original PR]
*Based on the average conversion rate at USD1 = MYR3.6581 for three months ended 30-Jun-2015
AirAsia Group: "The Malaysian operations will stand to benefit a lot from a better operating environment in the second half of 2015. Starting middle of August, there have been substantial of capacity reduction and route cancellations by other players on the routes that AirAsia operates in. We are also seeing positive trend in terms of fare which shows that the market is indeed becoming more rational. Demand from Chinese travelers has also recovered starting from May 2015 onwards and with fuel trending favourably for airlines, the stage is set for a good year end for the Company," Tony Fernandes, CEO. Source: Company statement, 20-Aug-2015.