Indonesia AirAsia operationally profitable in 2016

Indonesia AirAsia revenue down 11% - financial highlights:

• Three months ended 31-Dec-2016:
• • Revenue: IDR972.0 billion (USD72.9 million), -10.9% year-on-year;
  • Costs:
  • • Fuel: IDR255.6 billion (USD19.2 million), -15.5%;
    • User charges and other related costs: IDR195.0 billion (USD14.6 million), +3.7%;
  • Operating profit: 90.6 billion (USD6.8 million), -42.5%;
  • Net profit: IDR233.0 billion (USD17.5 million), compared to a loss of IDR145.7 million (USD10.9 million) in p-c-p;
  • Passengers: 1.1 million, -13%;
  • Passenger load factor: 83%, +3 ppts;
  • Revenue per ASK: IDR500.77 (USD 3.8 cents), +6%;
  • Cost per ASK: IDR471.14 (USD 3.5 cents), +25%;
  • Cost per ASK excl fuel: IDR339.46 (USD 2.5 cents), +38%;
  • Average stage length: 1308 km, -1%;
• 12 months ended 31-Dec-2016:
• • Revenue: IDR3854 billion (USD289.0 million), -23.4%;
  • Costs:
  • • Fuel: IDR1161 billion (USD87.1 million), -42.9%;
    • User charges and other related costs: IDR820.4 billion (USD61.5 million), -0.4%;
  • Operating profit: IDR183.0 billion (USD13.7 million), compared to a loss of IDR728.0 billion (USD54.6 million) in p-c-p;
  • Net profit: IDR212.2 billion (USD15.9 million), compared to a loss of IDR1513 billion (USD113.4 million) in p-c-p;
  • Passengers: 4.7 million, -23%;
  • Passenger load factor: 84%, +10 ppts;
  • Revenue per ASK: IDR476.76 (USD 3.6 cents), +5%;
  • Cost per ASK: IDR469.78 (USD 3.5 cents), -12%;
  • Cost per ASK excl fuel: IDR326.11 (USD 2.4 cents), -7%;
  • Average stage length: 1309km, +4%;
  • Total assets: IDR3834 billion (USD287.6 million);
  • Cash and short-term deposits: IDR283.5 billion (USD21.3 million);
  • Total liabilities: IDR3229 billion (USD242.2 million). [more - original PR]

*Based on the average conversion rate at IDR1 = USD0.000075 for 4Q2016
*Based on the average conversion rate at IDR1 = USD0.000075 for 2016

AirAsia: "In Indonesia, load factor in the first quarter of 2017 is forecast at 82%. For the remaining quarters of 2017, IAA will continue to focus on promoting international routes." Source: Company statement, 23-Feb-2017.