Indonesia AirAsia reports USD2m operating profit in 4Q2014

Indonesia AirAsia revenue up 11% - financial highlights:

• Three months ended 31-Dec-2014:
• • Revenue: IDR1732 billion (USD146.2 million), +10.5% year-on-year;
  • Costs:
  • • Fuel: IDR748.9 billion (USD63.2 million), -15.3%;
  • Operating profit: IDR23.4 billion (USD2.0 million), compared to a loss of IDR369.1 million (USD31.2 million) in p-c-p;
  • Profit (loss) after tax: (IDR63.4 billion) (USD5.4 million), compared to a loss of IDR429.3 million (USD36.3 million) in p-c-p;
  • Passenger numbers: 1.9 million, -11%;
  • Seat load factor: 80%, +4 ppts;
  • Revenue per ASK: IDR597.85 (USD 5.0 cents), +25%;
  • Cost per ASK: IDR589.78 (USD 5.0 cents), stable;
  • Cost per ASK excl fuel: IDR331.2 (USD 2.8 cents), +3%;
• 12 months ended 31-Dec-2014:
• • Revenue: IDR6340 billion (USD517.6 million), +9.3%;
  • Costs:
  • • Fuel: IDR3068 billion (USD250.5 million), +6.6%;
  • Operating profit (loss): (IDR562.6 billion) (USD45.9 million), compared to a loss of IDR125.9 billion (USD10.3 million) in p-c-p;
  • Profit (loss) after tax: (THB856.3 billion) (USD69.9 million), compared to a loss of IDR373.9 million (USD30.5 million) in p-c-p;
  • Passenger numbers: 7.9 million, stable;
  • Seat load factor: 78%, +2 ppts;
  • Revenue per ASK: IDR543.64 (USD 4.4 cents), +14%;
  • Cost per ASK: IDR591.88 (USD 4.8 cents), +21%;
  • Cost per ASK excl fuel: IDR328.78 (USD 2.7 cents), +31%.

*Based on the average conversion rate at USD1 = IDR12,250.4 for three months ended 31-Dec-2014
*Based on the average conversion rate at USD1 = IDR11,841.1 for 12 months ended 31-Dec-2014