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AirAsia reports record revenue in 1Q2012

24-May-2012 10:52 AM

AirAsia revenue up 11% – financial highlights for three months ended 31-Mar-2012 (according to Malaysian Financial Reporting Standard):

  • Revenue:
    • AirAsia: MYR1170 million (USD382.6 million), +11% year-on-year;
    • Thai AirAsia: THB4870 million (USD158.0 million), +18%;
    • Indonesia AirAsia: IDR911,350 million (USD100.9 million), +17%;
  • Operating profit:
    • AirAsia: MYR240.1 million (USD78.5 million), -0.7%;
    • Thai AirAsia: THB628.8 million (USD20.4 million), -25.6%;
    • Indonesia AirAsia: IDR15,452 million (USD1.7 million);
  • Profit (loss) after tax:
    • AirAsia: MYR172.4 million (USD56.4 million), +0.3%;
    • Thai AirAsia: THB621.6 million (USD20.2 million), -22.9%;
    • Indonesia AirAsia: (IDR36,654 million) (USD4.1 million), compared to a profit of IDR31,943 million (USD3.5 million) in p-c-p;
  • Passenger numbers:
    • AirAsia: 4.8 million, +12%;
    • Thai AirAsia: 2.1 million, +17%;
    • Indonesia AirAsia: 1.3 million, +16%;
  • Load factor:
    • AirAsia: 80%, stable;
    • Thai AirAsia: 87%, +3 ppts;
    • Indonesia AirAsia: 77%, -2 ppts;
  • Average fares:
    • AirAsia: MYR177 million (USD57.9), +7%;
    • Thai AirAsia: THB1904 (USD61.79), +1%;
    • Indonesia AirAsia: IDR572,316 (USD63.35), +3%;
  • Revenue per ASK:
    • AirAsia: MYR 16.92 sen (USD 5.53 cents), +2%;
    • Thai AirAsia: THB1.92 (USD 6.23 cents), +5%;
    • Indonesia AirAsia: IDR430.54 (USD 4.77 cents), +8%
  • Cost per ASK:
    • AirAsia: MYR 13.44 sen (USD 4.39 cents), +6%;
    • Thai AirAsia: THB1.67 (USD 5.42 cents), +15%;
    • Indonesia AirAsia: IDR423.24 (USD 4.68 cents), +7%;
  • Cost per ASK excl fuel:
    • AirAsia: MYR 7.04 sen (USD 2.30 cents), +3%;
    • Thai AirAsia: THB0.93 (USD 3.02 cents), +14%;
    • Indonesia AirAsia: IDR211.51 (USD2.34 cents), -5%;
  • Total assets: MYR13,902 million (USD4546 million), stable when compared to period ended 31-Dec-2011;
  • Total liabilities: MYR9574 million (USD3131 million), -3.0% when compared to period ended 31-Dec-2011. [more - original PR]

*Based on the average conversion rate at USD1 = MYR3.0581 for the period
*Based on the average conversion rate at USD1 = THB30.8139 for the period
*Based on the average conversion rate at USD1 = IDR9034.11 for the period

AirAsia: “Based on the current forward booking trend, underlying demand in the second quarter remains positive. We shall continue our strategy to maintain high load factors with improving yields. Along with the numerous announcements of new routes and increased frequencies since the start of the year, the Group aims to continue to enhance connectivity for our guests and ensuring the best customer experience with high-quality services and products. This shall be supported by the delivery of 17 more new Airbus A320 in the year, as of to date,” Tony Fernandes, CEO. Source: Company statement, 23-May-2012.