AirAsia operating profit almost doubles in 2015

AirAsia revenue up 47% - financial highlights:

• Three months ended 31-Dec-2015:
• • Revenue: MYR2168 million (USD506.4 million), +46.6% year-on-year;
  • Costs:
  • • Fuel: MYR526.6 million (USD123.0 million), -15.2%;
    • Labour: MYR215.7 million (USD50.4 million), +8.5%;
  • Operating profit: MYR800.7 million (USD187.0 million), +276%;
  • Net profit: MYR554.2 million (USD129.5 million), compared to a loss of MYR428.5 million (USD127.4 million) in p-c-p;
  • Passenger numbers: 6.5 million, +10%;
  • Load factor: 85%, +7 ppts;
  • Average fare: MYR177 (USD41.3), +3.5%;
  • Revenue per ASK: MYR 22.29 sen (USD 5.2 cents), +39.7%;
  • Cost per ASK: MYR 14.1 sen (USD 3.3 cents), +4.1%;
  • Cost per ASK excl fuel: MYR 8.6 sen (USD 2.0 cents), +26.9%;
• 12 months ended 31-Dec-2015:
• • Revenue: MYR6299 million (USD1623 million), +16.3%;
  • Costs:
  • • Fuel: MYR2001 million (USD515.4 million), -11.2%;
    • Labour: MYR759.0 million (USD195.5 million), +13.7%;
  • Operating profit: MYR1583 million (USD407.9 million), +91.7%;
  • Net profit: MYR541.0 million (USD139.4 million), +553%;
  • Passenger numbers: 24.3 million, +10%;
  • Load factor: 81%, +2 ppts;
  • Average fare: MYR157 (USD40.4), -4.8%;
  • Revenue per ASK: MYR 16.8 sen (USD 4.3 cents), +7.5%;
  • Cost per ASK: MYR 12.6 senn (USD 3.2 cents), -4.2%;
  • Cost per ASK excl fuel: MYR 7.3 sen (USD 1.9 cents)< +9.3%;
  • Total assets: MYR21,279 million (USD5481 million);
  • Deposits, bank and cash balances: MYR2431 million (USD626.3 million);
  • Total liabilities: MYR16,832 million (USD4336 million). [more - original PR]

*Based on the average conversion rate at MYR1 = MYR0.2336 for three months ended 31-Dec-2015
*Based on the average conversion rate at MYR1 = MYR0.2576 for 12 months ended 31-Dec-2015
*Based on the average conversion rate at MYR1 = USD0.2972 for three months ended 31-Dec-2014

AirAsia Group: "Adding on, demand from Chinese travellers has remained resilient and with the visa waiver initiative for Chinese nationals intending to visit Malaysia throughout 2016, this will significantly boost arrivals in the coming quarters. Similarly, fuel trended lower in the quarter which undoubtedly remains favourable for all airlines. We saw a great end to 2015 with record profitability and look to 2016 with a positive light," Tony Fernandes, CEO. Source: Company statement, 26-Feb-2016.