30-Aug-2016 10:53 AM
AirAsia Indonesia reports significant reduction in 2Q2016 loss
AirAsia Indonesia revenue down 30% - financial highlights for three months ended 30-Jun-2016:
- Revenue: IDR887.4 million (USD66.6 million), -30.0% year-on-year;
- Operating costs: IDR941.7 million (USD70.6 million), -43.3%;
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- Fuel: IDR292.0 million (USD21.9 million), -50.9%;
- Operating profit (loss): (IDR54.3 million) (USD4.1 million), compared to a loss of IDR395.2 million (USD30.0 million) in p-c-p;
- Net profit (loss): (IDR63.4 million) (USD4.8 million), compared to a loss of IDR486.4 million (USD37.0 million) in p-c-p;
- Passenger numbers: 1.2 million, -28%;
- Load factor: 83%, +10 ppts;
- Average fare: IDR586,234 (USD43.97), -4.1%;
- Revenue per ASK: IDR435.21 (USD 3.26 cents), +2.7%;
- Cost per ASK: IDR476.70 (USD 3.58 cents), -18.8%;
- Cost per ASK excl fuel: IDR333.49 (USD 2.50 cents), -14.0%;
- Average stage length: 1304 km, +5%. [more - original PR]
*Based on the average conversion rate at IDR1 = USD0.000075 for 2Q2016
*Based on the average conversion rate at IDR1 = USD0.000076 for 2Q2015
AirAsia Group: "In Indonesia, load factor in the third quarter of 2016 is forecast at 92% which is due to the high season demand. For the remaining quarters of 2016, IAA will continue to focus on promoting international routes." Source: Company statement, 29-Aug-2016.