Indonesia AirAsia reports profitable quarter in 3Q2016

Indonesia AirAsia revenue down 26% - financial highlights for three months ended 30-Sep-2016:

• Revenue: IDR1095 million (USD83.2 million), -26.2% year-on-year;
• Costs: IDR1074.0 million (USD81.6 million), -30.9%;
• • Fuel: IDR291.5 million (USD22.2 million), -47.9%;
• Operating profit: IDR229.3 million (USD17.4 million), compared to a loss of IDR59.5 million (USD4.3 million) in p-c-p;
• Net profit: IDR486.6 million (USD37.0 million), compared to a loss of IDR262.1 million (USD18.9 million) in p-c-p;
• Passenger numbers: 1.2 million, -24%;
• Load factor: 89%, +14 ppts;
• Revenue per ASK: IDR549.96 (USD 4.18 cents), +10%;
• Cost per ASK: IDR450.77 (USD 3.43 cents), -15%;
• Cost per ASK excl fuel: IDR304.42 (USD 2.31 cents), -11%;
• Average stage length: 1313 km, +4%;
• Total assets: IDR4030 million (USD306.3 million);
• Cash and short-term deposits: IDR310.8 million (USD236.2 million);
• Total liabilities: IDR6233 million (USD473.7 million). [more - original PR]

*Based on the average conversion rate at IDR1 = USD0.000076 for 3Q2016
*Based on the average conversion rate at IDR1 = USD0.000072 for 3Q2015

AirAsia: "In Indonesia, load factor in the fourth quarter of 2016 is forecast at 84% which is due to the high season demand. For the remaining quarter of 2016, IAA will continue to focus on promoting international routes." Source: Company statement, 24-Nov-2016.