Malaysia's AirAsia Q2 net profit up 193 pct on higher load factor
Kuala Lumpur (XFN-ASIA) - AirAsia Bhd said its second quarter
to December net profit jumped nearly 193 pct year-on-year to 150.1 mln rgt on
the back of a higher load factor of 82 pct, up 6 basis points from a year earlier.
Second quarter revenue rose 61 pct year-on-year to 401 mln rgt, with six months revenue amounting to 693.785 mln.
"The combination of higher yields and lower cost enabled us to deliverer a pretax income of 93 mln rgt, an 80 pct growth as compared to the same period last year," said chief executive officer Tony Fernandes in a statement.
"The outlook for the third quarter is looking better relative to the same period last year -- forward bookings suggest that yields will be higher and load factor will be slightly lower," he added.
Meanwhile, Fernandes said the issue relating to the treatment of differed taxation has "come to a positive end," as the government has approved the airline's treatment of investment allowance.