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AirAsia X reports strong operating profit growth in 3Q2013

20-Nov-2013 10:16 AM

AirAsia X revenue up 24% – financial highlights for three months ended 30-Sep-2013:

  • Revenue: MYR601.5 million (USD185.7 million), +23.6% year-on-year;
    • Ancillary: MYR121.7 million (USD37.6 million), +37.2%;
    • Fuel surcharge: MYR69.3 million (USD21.4 million), +88.8%;
  • Total operating costs: MYR588.9 million (USD181.8 million), +23.7%;
    • Fuel: MYR291.1 million (USD89.9 million), +36.5%;
    • Maintenance, overhaul, user charges and other related: MYR115.4 million (USD35.6 million), +10.1%;
  • Operating profit: MYR25.0 million (USD7.7 million), +85.4%;
  • Net profit: MYR26.4 million (USD8.2 million), -45.9%;
  • Passenger numbers: 1.0 million, +34.2%;
  • Load factor: 82.3%, -0.1 ppt;
  • Average fare: MYR501.07 (USD155), -4.8%;
  • Revenue per ASK: MYR 11.95 cents (USD 3.7 cents), -1.6%;
  • Cost per ASK: MYR 11.64 cents (USD 3.6 cents), +1.2%
  • Cost per ASK excl fuel: MYR 5.98 cents (USD 1.8 cents), -0.8%;
  • Average sector length: 4995 km, -1.7%;
  • Total assets: MYR3691 million (USD1139 million);
  • Deposits, cash and bank balances: MYR175.8 million);
  • Total liabilities: MYR2350 million (USD725.6 million). [more - original PR]

*Based on the average conversion rate at USD1 = MYR3.239

AirAsia X: “The Company's positioning within the Asia Pacific region, which is forecasted to be robust and potentially surpassing North America as the world's largest aviation market (Source: Strategic Airport Planning Ltd) allows AirAsia X to benefit from this growth and continue to be a large and attractive feeder market for its long-haul routes. Barring any unforeseen circumstances, including but not limited to terrorist attacks, natural disasters, epidemics, economic downturn, fuel price hike and fluctuation in foreign currencies against the Malaysian Ringgit, the Company expects its prospects to remain positive.” Source: Company statement, 19-Nov-2013.