AirAsia Group reports profitability in 3Q2011, expects good 4Q2011

AirAsia revenue up 10% - financial highlights for three months ended 30-Sep-2011:

• Revenue:
  • AirAsia: USD339.0 million, +9.9% year-on-year;
  • Thai AirAsia: USD119.3 million, +33.3%;
  • Indonesia AirAsia: USD118.5 million, +36.8%;
• Operating profit:
  • AirAsia: USD79.2 million, +1.9%;
  • Thai AirAsia: USD6.3 million, -48.4%;
  • Indonesia AirAsia: USD1.9 million, -90.1%;
• Passenger numbers:
  • AirAsia: 4.3 million, +8%;
  • Thai AirAsia: 1.6 million, +18%'
  • Indonesia AirAsia: 1.4 million, +30%;
• Load factor:
  • AirAsia: 77%, -1 ppt;
  • Thai AirAsia: 80%, +4 ppts;
  • Indonesia AirAsia: 78%, -3 ppts;
• Average fare:
  • AirAsia: USD56.69, +4%;
  • Thai AirAsia: USD61.56, +12%;
  • Indonesia AirAsia: USD70.88, +5%;
• Revenue per ASK:
  • AirAsia: USD 5.23 cents, +3%;
  • Thai AirAsia: USD 5.26 cents, +10%;
  • Indonesia AirAsia: USD4.99 cents, +1%;
• Cost per ASK:
  • AirAsia: USD 4.00 cents, +5%;
  • Thai AirAsia: USD 4.97 cents, +20%;
  • Indonesia AirAsia: USD 4.91 cents, +28%;
• Cost per ASK excl fuel:
  • AirAsia: USD 1.96 cents, -15%;
  • Thai AirAsia: USD 2.73 cents, +8%;
  • Indonesia AirAsia: USD 2.46 cents, +13%;
• Average stage length:
  • AirAsia:
  • Thai AirAsia:
  • Indonesia AirAsia: 1324 km, stable;
• Total assets:
  • AirAsia: USD4263 million, +2.2% when compared to period ended 31-Dec-2010;
  • Thai AirAsia: USD117.5 million, +71.6% when compared to period ended 31-Dec-2010;
  • Indonesia AirAsia: USD36.2 million, +76.1% when compared to period ended 31-Dec-2010;
• Cash and short-term deposits:
  • AirAsia: USD518.5 million, +9.4% when compared to period ended 31-Dec-2010;
  • Thai AirAsia: USD43.7 million, +130% when compared to period ended 31-Dec-2010;
  • Indonesia AirAsia: USD17.8 million, +298% when compared to period ended 31-Dec-2010;
• Total liabilities:
  • AirAsia: USD3008 million, -0.5% when compared to period ended 31-Dec-2010;
  • Thai AirAsia: USD154.5 million, +3.8% when compared to period ended 31-Dec-2010;
  • Indonesia AirAsia: USD177 million, +6.3% when compared to period ended 31-Dec-2010. [more - Original PR]

*Based on the conversion rate at USD1 = MYR3.17497

^Based on the conversion rate at USD1 = THB31.175

~Based on the conversion rate at USD1 = IDR9025

AirAsia Group: "We are going to have a good fourth quarter. Our forward booking in the final quarter remains very strong for Malaysia, Thailand and Indonesia," Tony Fernandes, CEO. Source: AirASia Group, 22-Nov-2011.