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AirAsia revenue up 26%, reports record second quarter profits in 2Q2010

19-Aug-2010 10:09 AM

AirAsia revenue up 26% - financial highlights for the three months ended 30-Jun-2010:

  • Revenue*: USD298.8 million, +26% year-on-year;
    •  
      • AirAsia Thailand**: USD84.2 million, +30%;
      • AirAsia Indonesia***: USD73.1 million, +44%;
    • Ancillary: USD53.1 million, +76%;
      • AirAsia Thailand: USD12.4 million, +74%;
      • AirAsia Indonesia: USD13.4 million, +106%;
  • Cost of sales: USD167.2 million, +33.6%;
    • Fuel: USD102.4 million, +59%;
    • Labour: USD25.1 million, +33%;
  • Operating profit: USD115.6 million, +12.7%;
  • Profit before tax: USD45.6 million, +4%;
    • AirAsia Thailand: USD1.5 million, compared with a loss of USD2.5 million in p-c-p;
    • AirAsia Indonesia: USD12.4 million, compared with a loss of USD7.2 million in p-c-p;
  • Net profit: USD63.2 million, +43%;
  • Total debt: USD2,410 million, +6% when compared with period ended 31-Mar-2010;
  • Cash: USD272.6 million, +9% when compared with period ended 31-Mar-2010;
  • Passenger numbers:
    • Malaysia: 3.9 million, +11%;
    • AirAsia Thailand: 1.2 million, +11%;
    • AirAsia Indonesia: 947,786, +10%;
  • Load factor:
    • Malaysia: 77%, +2 ppts;
    • AirAsia Thailand: 75%, +5 ppts;
    • AirAsia Indonesia: 75%, +1 ppt;
  • Average fares:
    • Malaysia: USD54.96, +8%;
    • AirAsia Thailand: USD57.01, +12%;
    • AirAsia Indonesia: USD62.79, +23%;
  • Revenue per ASK:
    • Malaysia: USD 5.03 cents, +15%;
    • AirAsia Thailand: USD 4.74 cents, +8%;
    • AirAsia Indonesia: USD 4.50 cents, +19%;
  • Cost per ASK:
    • Malaysia: USD 3.73 cents, +21%;
    • AirAsia Thailand: USD 4.49 cents, +2%;
    • AirAsia Indonesia: USD 3.61 cents, +16%;
  • Cost per ASK excl fuel:
    • Malaysia: USD 2.01 cents, +5%;
    • AirAsia Thailand: USD 2.78 cents, +8%;
    • AirAsia Indonesia: USD 2.12 cents, +14%. [more]

*Based on the conversion rate at USD1 = MYR3.148
**Based on the conversion rate at USD1 = THB31.645
***Based on the conversion rate at USD1 = IDR8,970

AirAsia: “Forward bookings are looking very good. The fourth quarter, of course, is traditionally our strongest quarter. To head into our strongest season on the back of a soaring first quarter and a record-breaking second quarter puts us in a fantastic position. We are continuing to grow our market in India especially from our other hubs in Thailand, making the subcontinent a key player in our growth strategy. We are also completing our final chapter on connecting all the ASEAN capitals from our Kuala Lumpur hub by introducing Yangon destination, making us a Truly ASEAN carrier,” Tony Fernandes, CEO. Source: AirAsia, 18-Aug-2010.