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AirAsia reports first quarterly loss since 2004, but poised for strong final quarter


AirAsia stated it is going through “short-term losses for long-term gains” after unveiling its first quarterly loss since 2004. AirAsia is poised for a strong final quarter having “cleared the decks” of accumulated garbage (ie high fuel costs, hedging losses and surcharges) in the past quarter. Thai AirAsia is mired in that country’s political problems, but the situation in Thailand could turn out to be a major opportunity. [1656 words]

Unlock the following content in this report:


  • Big third quarter loss on fuel prices and hedging losses
  • Good non-fuel cost controls and yield gains
  • Losses reduced at Indonesia AirAsia
  • Thai AirAsia to continue to struggle
  • Outlook: A great time to be the world's lowest cost operator

Graphs and data:

  • Asia Pacific selected airlines daily share price movements (% change): 01-Dec-08
  • AirAsia financial highlights for three months ended 30-Sep-08
  • AirAsia passenger numbers and passenger numbers forecast: 2002 to 2008F
  • AirAsia (Malaysia) passenger numbers and passenger load factor: 1Q07 to 3Q08
  • AirAsia cost per ASK (Sen) vs cost per ASK without fuel
  • AirAsia cost per ASK (Sen) breakdown: 3Q07 vs 308
  • AirAsia's ancillary revenue (per pax) and as % of total: 1Q07 to 3Q08
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