AirAsia X reports USD27m operating profit in 4Q2017, 11% growth

AirAsia X reported (21-Feb-2018) the following financial highlights:

• Three months ended 31-Dec-2017:
  • Revenue: MYR1220 million (USD293.4 million), +4.3% year-on-year;
  • Operating costs: MYR1111 million (USD267.1 million), +1.8%;
    • Fuel: MYR383.5 million (USD92.2 million), +7.9%;
    • Aircraft operating lease: MYR229.6 million (USD55.2 million), +12.0%;
    • Labour: MYR112.7 million (USD27.1 million), -8.8%;
  • Operating profit: MYR110.7 million (USD26.6 million), +10.5%;
  • Net profit: MYR84.4 million (USD20.3 million), +116%;
  • Passengers: 1.5 million, +12%;
  • Passenger load factor: 82.6%, +1.7ppt;
  • Average passenger fare: MYR519 (USD121), -8%;
  • Revenue per ASK: MYR 13.36 sen (USD 3.1 cents), -3%;
  • Cost per ASK: MYR 12.15 sen (USD 2.8 cents), -6%;
  • Cost per ASK excl fuel: MYR 7.96 sen (USD 1.9 cents), -8%;
  • Average sector length: 4868km, -2%;
• 12 months ended 31-Dec-2017:
  • Revenue: MYR4562 million (USD1061 million), +17.0%;
  • Operating costs: MYR4443 million (USD1034 million), +15.4%;
    • Fuel: MYR1467 million (USD341.2 million), +31.4%;
    • Aircraft operating lease: MYR944.6 million (USD219.7 million), +11.7%;
    • Labour: MYR421.3 million (USD98.0 million), +14.0%;
  • Operating profit: MYR143.0 million (USD33.3 million), +33.5%;
  • Net profit: MYR98.9 million (USD23.0 million), +121%;
  • Total assets: MYR4552 million (USD1059 million);
  • Deposits, cash and bank balances: MYR432.7 million (USD100.7 million);
  • Total liabilities: MYR3563 million (USD828.8 million). [more - original PR]

*Based on the average conversion rate at MYR1 = USD0.240372 for 4Q2017
*Based on the average conversion rate at MYR1 = USD0.232626 for CY2017