AirAsia Philippines losses narrow in 4Q2015 and FY2015

AirAsia Philippines revenue up 51% - financial highlights:

• Three months ended 31-Dec-2015:
• • Revenue: PHP2286 million (USD48.7 million), +50.7% year-on-year;
  • Costs:
  • • Fuel: PHP907.0 million (USD19.3 million);
  • Operating profit (loss): (PHP110.6 million (USD2.4 million), compared to a loss of PHP1061 million (USD23.7 million) in p-c-p;
  • Profit (loss) after tax: PHP118.8 million (USD2.5 million), compared to a loss of PHP1282 million (USD28.6 million) in p-c-p;
  • Passenger numbers: 871,225, +47%;
  • Load factor: 81%, +9 ppts;
  • Average fare: PHP2153 (USD45.9), +8.4%;
  • Revenue per ASK: PHP2.01 (USD 4.3 cents), +21.1%;
  • Cost per ASK: PHP2.11 (USD 4.5 cents), -25.4%;
  • Cost per ASK excl fuel: PHP1.31 (USD 2.8 cents), -56.9%;
  • Average stage length: 1055km, -5%;
• 12 months ended 31-Dec-2015:
• • Revenue: PHP8929 million (USD196.4 million), +18.4%;
  • Costs:
  • • Fuel: PHP4132 million (USD90.9 million), -8.9%;
  • Operating profit (loss): (PHP2076 million) (USD45.7 million), compared to a loss of PHP5182 million (USD116.6 million) in p-c-p;
  • Profit (loss) after tax: (PHP3091 million) (USD68.0 million), compared to a loss of PHP5755 million (USD129.5 million) in p-c-p;
  • Passenger numbers: 3.6 million, +19%;
  • Load factor: 81%, +11 ppts;
  • Average fare: PHP1985 (USD43.7), -1.5%;
  • Revenue per ASK: PHP1.99 (USD 4.4 cents), +22.8%;
  • Cost per ASK: PHP2.46 (USD 5.4 cents), -10.2%;
  • Cost per ASK excl fuel: PHP1.54 (USD 3.4 cents), -12.5%;
  • Average stage length: 1006km, -7%;
  • Total assets: PHP3769 million (USD82.9 million);
  • Cash and short-term deposits: PHP150.4 million (USD3.3 million);
  • Total liabilities: PHP21,230 million (USD467.1 million). [more - original PR]

*Based on the average conversion rate at PHP1 = USD0.0213 for three months ended 31-Dec-2015
*Based on the average conversion rate at PHP1 = USD0.022 for 12 months ended 31-Dec-2015
*Based on the average conversion rate at PHP1 = USD0.0223 for three months ended 31-Dec-2014
*Based on the average conversion rate at PHP1 = USD0.0225 for 12 months ended 31-Dec-2014