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24-Aug-2016 9:00 AM

AirAsia X reports first ever second quarter profit since IPO in 2Q2016

AirAsia X revenue up 35% – financial highlights:

  • Three months ended 30-Jun-2016:
    • Revenue: MYR883.2 million (USD220.5 million), +35.2% year-on-year;
      • Ancillary: MYR136.9 million (USD34.2 million), +30.8%;
    • Costs:
      • Fuel: MYR235.6 million (USD58.8 million), +7.7%;
      • Aircraft operating lease: MYR212.3 million (USD53.0 million), +13.5%;
    • Operating profit: MYR20.0 million (USD5.0 million), compared to a loss of MYR99.9 million (USD27.3 million) in p-c-p;
    • Net profit: MYR1.0 million (USD254,400), compared to a loss of MYR132.9 million (USD36.3 million) in p-c-p;
    • Passenger numbers: 1.0 million, +27%;
    • Load factor: 75%, +7 ppts;
    • Revenue per ASK MYR 13.24 sen (USD 3.3 cents), +15%;
    • Cost per ASK: MYR 13.20 sen (SUSD 3.3 cents), -2%;
    • Cost per ASK excl fuel: MYR 9.67 sen (USD 2.4 cents), +1%;
    • Average sector length: 4872 km, +4%;
  • Six months ended 30-Jun-2016:
    • Revenue: MYR1854 million (USD452.7 million), +29.8%;
      • Ancillary: MYR292.8 million (USD71.5 million), +26.6%;
    • Costs:
      • Fuel: MYR478.7 million (USD116.9 million), -3.0%;
      • Aircraft operating lease: MYR418.7 million (USD102.2 million), +32.3%;
    • Operating profit: MYR125.1 million (USD30.6 million), compared to a loss of MYR94.0 million (USD25.8 million) in p-c-p;
    • Net profit: MYR180.5 million (USD44.1 million), compared to a loss of MYR258.9 million (USD71.2 million) in p-c-p;
    • Total assets: MYR4170 million (USD1018 million);
    • Deposits, cash and bank balances: MYR282.2 million (USD68.9 million);
    • Total liabilities: MYR3229 million (USD788.3 million). [more - original PR]

*Based on the average conversion rate at MYR1 = USD0.0.249637 for 2Q2016
*Based on the average conversion rate at MYR1 = USD0.0.273413 for 2Q2015
*Based on the average conversion rate at MYR1 = USD0.24418 for 1H2016
*Based on the average conversion rate at MYR1 = USD0.274853 for 1H2015

AirAsia X Group: “Our focus is to keep this positive momentum throughout the year but we remain cautious of things beyond our control such as currency volatility, regulatory uncertainty and other external headwinds that are expected to persist. Based on the current forward booking trend, the number of passengers to be carried in the third quarter looks encouraging. We are also happy to note that forward loads and average fares are also better than the previous year," Datuk Kamarudin Meranun, CEO. Source: Company statement, 23-Aug-2016.

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