AirAsia Group reports operating and net losses for 4Q2018

AirAsia Group reported (27-Feb-2019) the following financial highlights:

• Three months ended 31-Dec-2018:
  • Revenue: MYR2823 million (USD676.5 million), +6.2% year-on-year;
  • Costs:
    • Fuel: MYR1110 million (USD266.0 million), +48.4%;
    • User charges and other related: MYR475.3 million (USD113.9 million), +55.5%;
    • Labour: MYR464.9 million (USD111.4 million), -3.6%;
  • Operating profit (loss): (MYR188.3 million) (USD45.1 million), compared to a profit of MYR696.5 million in p-c-p;
  • Net profit (loss): (MYR457.0 million) (USD109.5 million), compared to a profit of MYR434.2 million in p-c-p;
  • Average fare: MYR171 (USD41), -6%;
  • Revenue per ASK: MYR 14.82 sen (USD 3.6 cents), -4%;
  • Cost per ASK: MYR 16.58 sen (USD 4.0 cents), +27%;
  • Cost per ASK excl fuel: MYR 10.35 sen (USD 2.5 cents), +25%;
  • Average stage length: 1240km, -4%;
• 12 months ended 31-Dec-2018:
  • Revenue: MYR10,604 million (USD2628 million), +9.2%;
  • Costs:
    • Fuel: MYR3908 million (USD968.6 million), +38.5%;
    • Labour: MYR1624 million (USD402.5 million), +1.1%;
  • Operating profit: MYR1208 million (USD299.4 million), -44.1%;
  • Net profit: MYR1711 million (USD424.1 million), +8.9%;
  • Average fare: MYR172 (USD42.6), -2%;
  • Revenue per ASK: MYR 14.74 sen (USD 3.7 cents), -3%;
  • Cost per ASK: MYR 14.83 sen (USD 3.7 cents), +13%;
  • Cost per ASK excl fuel: MYR 8.92 sen (USD 2.2 cents), +7%;
  • Average stage length: 1253km, -3%;
  • Total assets: MYR18,770 million (USD4651 million);
  • Deposits, bank and cash balances: MYR3349 million (USD829.9 million);
  • Total liabilities: MYR12,539 million (USD3107 million). [more - original PR]

*Based on the average conversion rate at MYR1 = USD0.239609 for 4Q2018
*Based on the average conversion rate at MYR1 = USD0.247814 for FY2018