AirAsia revenue up 15% for three months ended 30-Jun-2011

AirAsia revenue up 15% - financial highlights three months ended 30-Jun-2011:

• Revenue:
  • AirAsia: USD362.7 million, +15% year-on-year;
  • AirAsia Thailand: 126.0 million, +44%;
  • AirAsia Indonesia: 105.0 million, +37%;
• Operating profit:
  • AirAsia: USD72.4 million, -3%;
  • AirAsia Thailand: USD10.6 million, +123%;
  • AirAsia Indonesia: USD5.3 million, -54%;
• Profit after tax:
  • AirAsia: USD35.2 million, -48%;
  • AirAsia Thailand: USD12.9 million, +875%;
  • AirAsia Indonesia: USD4.9 million, -48%;
• Passenger numbers:
  • AirAsia: 4.5 million, +155;
  • AirAsia Thailand: 1.6 million, +30%;
  • AirAsia Indonesia: 1.3 million, +33%;
• Load factor:
  • AirAsia: 81%, +4 ppts;
  • AirAsia Thailand: 78%, +3 ppts;
  • AirAsia Indonesia: 76%, +1 ppt;
• Average fare:
  • AirAsia: USD55.29, -5%;
  • AirAsia Thailand: USD64.49, +7%;
  • AirAsia Indonesia: USD66.94, +1%;
• Revenue per ASK:
  • AirAsia: USD 5.63 cents, +6%;
  • AirAsia Thailand: USD 5.63 cents, +14%;
  • AirAsia Indonesia: USD 4.76 cents, +2%;
• Cost per ASK:
  • AirAsia: USD 4.51 cents, +12%;
  • AirAsia Thailand: USD 5.16 cents, -11%;
  • AirAsia Indonesia: USD 4.52 cents, +14%;
• Cost per ASK excl fuel:
  • AirAsia: USD 2.19 cents, -1%;
  • AirAsia Thailand: USD 2.71 cents, -4%;
  • AirAsia Indonesia: USD 2.31 cents, +5%;
• Average sector length:
  • AirAsia: 1170 km, stable;
  • AirAsia Thailand: 1083 km, +2%;
  • AirAsia Indonesia: 1345 km, +4%;

Six months ended 30-Jun-2011:

• Revenue:
  • AirAsia: USD716.0 million, +18%;
  • AirAsia Thailand: USD263.0 million, +38%;
  • AirAsia Indonesia: USD195.8 million, +37%;
• Operating profit:
  • AirAsia: USD153.9 million, +18%;
  • AirAsia Thailand: USD38.9 million, +96%;
  • AirAsia Indonesia: USD6.3 million, -52%;
• Passenger numbers:
  • AirAsia: 8.8 million, +16%;
  • AirAsia Thailand: 3.4 million, +26%;
  • AirAsia Indonesia: 2.4 million, +28%;
• Load factor:
  • AirAsia: 80%, +5 ppts;
  • AirAsia Thailand: 81%, +3 ppts;
  • AirAsia Indonesia: 78%, +4 ppts;
• Total assets:
  • AirAsia: USD4538 million, +1.6% when compared to period ended 31-Dec-2010;
  • AirAsia Thailand: USD85.0 million, +18.8% when compared to period ended 31-Dec-2010;
  • AirAsia Indonesia: USD27.1 million, +24.4% when compared to period ended 31-Dec-2010;
• Total liabilities:
  • AirAsia: USD3223 million, -0.4% when compared to period ended 31-Dec-2010.
  • AirAsia Thailand: USD131.1 million when compared to period ended 31-Dec-2010;
  • AirAsia Indonesia: USD173.1 million, -1.8% when compared to period ended 31-Dec-2010. [more]

*Based on the conversion rate at USD1 = MYR2.966 for AirAsia operations
*Based on the conversion rate at USD1 = THB29.835 for AirAsia Thailand operations
*Based on the conversion rate at USD1 = IDR8,530 for AirAsia Indonesia operations

AirAsia: "Load factors achieved in July 2011 increased y-o-y for all three carriers. Forward bookings are looking very strong. We shall continue to work our best to deliver high load factors of at least 80% and to maintain the lowest operating costs in the industry. Additionally, the fall in crude oil prices and strengthening of respective local currencies have somewhat eased the impact of high jet fuel prices on operating costs," Tony Fernandes, CEO. Source: AirAsia, 23-Aug-2011.