AirAsia subsidiaries reports strong 3Q2010 results

AirAsia revenue up 34% - financial highlights for the three months ended 30-Sep-2010:

• Revenue:
  • • AirAsia Malaysia: USD315.5 million, +34%;
    • AirAsia Thailand: USD95.6 million, +46%;
    • AirAsia Indonesia: USD87.5 million, +31%;
  • Ancillary:
    • Malaysia AirAsia: USD57.3 million, +38%;
    • Thai AirAsia: USD15.3 million, +97%;
    • Indonesia AirAsia: USD13.6 million, +42%;
• EBITDAR:
  • Malaysia AirAsia: USD141.9 million, +89%;
  • Thai AirAsia: USD33.2 million, +4477%;
  • Indonesia AirAsia: USD14.6 million, +124%;
• EBITDA:
  • Malaysia AirAsia: USD137.7 million, +109%;
  • Thai AirAsia: USD13.7 million, compared to a loss of USD12.9 million in p-c-p;
  • Indonesia AirAsia: USD19.6 million, +387%;
• EBIT:
  • Malaysia AirAsia: USD94.5 million, +201%;
  • Thai AirAsia: USD12.6 million, compared to a loss of USD13.9 million in p-c-p;
  • Indonesia AirAsia: USD19.2 million, +450%;
• Net debt: USD2142 million, +0.3%;
• Passenger numbers: 6.5 million,
  • Malaysia AirAsia: 4.0 million, +12%;
  • Thai AirAsia: 1.4 million, +9%;
  • Indonesia AirAsia: 1.1 million, +8%;
• Load factor:
  • Malaysia AirAsia: 78%, +3 ppts;
  • Thai AirAsia; 76%, -1 ppt;
  • Indonesia AirAsia: 81%, +4 ppts;
• Revenue per ASK:
  • Malaysia AirAsia: USD 5.21 cents, +34%;
  • Thai AirAsia: USD 4.96 cents, +22%;
  • Indonesia Air Asia: USD 4.95 cents, +17%;
• Cost per ASK: USD
  • Malaysia AirAsia: USD 3.65 cents, +1%;
  • Thai AirAsia: USD 4.46 cents, -10%;
  • Indonesia AirAsia: USD 3.88 cents, -4%;
• Average fare:
  • Malaysia AirAsia: USD55.27, +22%;
  • Thai AirAsia: USD56.83, +24%;
  • Indonesia AirAsia: USD68.22, +20%. [more]

*Based on the conversion rate at USD1 = MYR3.13
*Based on the conversion rate at USD1 = THB30.055
*Based on the conversion rate at USD1 = INR8,965

Looking ahead to 2011, AirAsia CEO Tony Fernandes stated the carrier will remain focused on driving down costs, raising yields, improving productivity and expanding its route network.

AirAsia: "We are heading into our strongest quarter on the back of what is already an amazing performance this year. We are looking forward to deliver the numbers for Q4, actually," Tony Fernandes, CEO. Source: AirAsia, 25-Nov-2010.