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24-Nov-2017 10:52 AM

AirAsia X falls into the red in 3Q2017

AirAsia X reported (23-Nov-2017) the following financial highlights for the three months ended 30-Sep-2017:

  • Revenue: MYR1124 million (USD263.6 million), +14.5% year-on-year;
    • Ancillary: MYR209.3 million (USD49.1 million), +29.3%;
  • Costs: MYR1169 million (USD274.1 million), +25.1%;
    • Fuel: MYR351.8 million (USD82.5 million), +24.7%;
    • Aircraft operating lease: MYR234.6 million (USD55.0 million), +5.6%;
  • Operating profit (loss): (MYR35.0 million) (USD8.2million), compared to a profit of MYR50.8 million (USD12.5 million) in p-c-p;
  • Net profit (loss): (MYR43.3 million) (USD10.2 million), compared to a profit of MYR11.0 million (USD2.7 million) in p-c-p;
  • Passengers: 1.5 million, +23%;
  • Passenger load factor: 79.3%, +1.4ppt;
  • Passenger fare: MYR496 (USD116), -1.0%;
  • Revenue per ASK: MYR 12.32 sen (USD 2.9 cents), -3.0%;
  • Cost per ASK: MYR 12.80 sen (USD 3.0 cents), +6.1%;
  • Cost per ASK excl fuel: MYR8.95 sen (USD 2.1 cents), +6.4%;
  • Average sector length: 4844 km, -2%;
  • Total assets: MYR4356 million (USD1021 million);
  • Deposits, cash and bank balances: MYR460.6million (USD108.0 million);
  • Total liabilities: MYR3363 million (USD788.5 million). [more - original PR]

*Based on the average conversion rate at MYR1 = USD0.234459 for 3Q2017
*Based on the average conversion rate at MYR1 = USD0.246625 for 3Q2016

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