AirAsia X reports 4th consecutive quarterly profit in 3Q, expects first full year profit since 2013

AirAsia X revenue up 24% - financial highlights for three months ended 30-Sep-2016:

• Revenue: MYR982.4 million (USD242.6 million), +23.9% year-on-year;
• • Ancillary: MYR161.8 million (USD40.0 million), +50.1%;
• Costs: MYR934.1 million (USD230.7 million), +13.0%;
• • Fuel: MYR282.1 million (USD69.7 million), -0.1%;
  • Aircraft operating lease: MYR222.2 million (USD54.9 million), +22.3%;
• Operating profit: MYR50.8 million (USD12.5 million), compared to a loss of MYR31.1 million (USD) in p-c-p;
• Net profit: MYR11.0 million (USD2.7 million), compared to a loss of MYR288.2 million (USD) in p-c-p;
• Passenger numbers: 1.2 million, +35%;
• Load factor: 78%, +3 ppts;
• Revenue per ASK: MYR12.70 sen (USD 3.1 cents), -8%;
• Cost per ASK: MYR12.06 sen (USD 3.0 cents), -16%;
• Cost per ASK excl fuel: MYR8.41 sen (USD 2.1 cents), -11%;
• Average sector length: 4965 km, +4%;
• Total assets: MYR4160 million (USD1027 million);
• Deposits, cash and bank balances: MYR367.1 million (USD90.7 million);
• Total liabilities: MYR3306 million (USD816.5 million). [more - original PR]

*Based on the average conversion rate at MYR1 = USD0.246951

AirAsia X: "We remain cautiously optimistic that we are on track to achieving our first full year profit since 2013, without neglecting to take necessary precautions on factors beyond our control such as currency volatility, regulatory uncertainty and other external factors which are expected to persist," Datuk Kamarudin Meranum, Group CEO. Source: Company statement, 22-Nov-2016.