flee 5 Report post Posted February 26, 2016 (edited) AirAsia's FY2015 Pre-tax Profit Soars To RM215 Mln KUALA LUMPUR, Feb 26 (Bernama)-- AirAsia Bhd's pre-tax profit for the financial year ended Dec 31, 2015 soared to RM215 million from RM22.7 million in 2014. Group revenue increased to RM6.3 billion versus RM5.4 billion previously, supported by a 10 per cent growth in passenger volume despite lower average fare in 2015, the company said in a filing to Bursa Malaysia. In a separate statement, AirAsia Group CEO Tan Sri Tony Fernandes said AirAsia benefited from the weaker currency environment that had led to local consumers trading down when going on their travel and other nationalities looking at Malaysia as a value-for-money holiday destination. Regional destinations are also more appealing compared to higher currency destinations such as Europe and North America. Demands from Chinese travellers remained resilient, he said, adding that with the visa waiver initiative for Chinese nationals intending to visit Malaysia, it would significantly boost arrivals in the coming quarters. Similarly, fuel trended lower in the quarter which undoubtedly remains favourable for all airlines. "We saw a great end to 2015 with record profitability and look to 2016 with a positive light," he said. Bursa Malaysia filing: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=190587&name=EA_FR_ATTACHMENTS AirAsia Q4 earnings at RM554m, drives FY15 higher KUALA LUMPUR: AirAsia Bhd posted net profit of RM554.20mil in the fourth quarter ended Dec 31, 2015 compared with a net loss of RM428.51mil a year ago, boosting the full year FY15 earnings to RM540.96mil. The low-cost carrier reported on Friday that quarterly revenue rose 47% to RM2.17bil fromRM1.48bil a year ago. “The strong revenue recorded was on the back of a 10% year-on-year growth in the number of passengers carried at 6.47 million which was ahead of the 1% capacity growth, allowing the company to record a high load factor of 85%, on-year growth of 7 percentage points (ppts). In 4Q15, AirAsia recorded strong operating profit of RM800.69 million (up 276% YoY) and net operating profit of RM694.33 million (up 620% YoY). More: http://www.thestar.com.my/business/business-news/2016/02/26/airasia-q4-earnings-at-rm554m-drives-fy15-higher/ AirAsia X 4Q15 Pre-tax Profit Rises To RM151.66 Mln KUALA LUMPUR, Feb 26 (Bernama) -- AirAsia X Bhd posted a pre-tax profit of RM151.66 million for the fourth quarter ended Dec 31, 2015 compared with a pre-tax loss of RM200.41 million in the same period of 2014. In a filing to Bursa Malaysia, the company's revenue rose to RM853.94 million from RM816.87 million previously. For the financial year 2015, it pre-tax loss was reduced to RM434.19 million from a pre-tax loss of RM605.36 million in the same period of 2014, while revenue increased to RM3.06 billion from RM2.94 billion previously. In a separate statement, Chief Executive Officer Benyamin Ismail said business across all regions had seen a strong return. He said scheduled flight revenue recorded 11 per cent year-on-year growth in the fourth quarter 2015, despite having less operating routes compared to the same period last year. "We expect this positive trend to continue in 2016," he added. Group Chief Executive Officer Datuk Kamarudin Meranun said AirAsia X was optimistic of achieving further improvement in the coming quarters. He added that higher contribution would come from ancillary, cargo and better route performance from North Asia on the back of a stronger marketing drive. Bursa Malaysia Filing: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=190598&name=EA_FR_ATTACHMENTS AirAsia X posts net profit of RM201m in Q4FY15 KUALA LUMPUR: AirAsia X posted net profit of RM201.58mil in the fourth quarter ended Dec 31, 2015 (Q4, FY15) – the first net profit after eight quarters of losses since Q4, 2013 -- boosted by better operating performance, other income, forex gain and deferred taxation The long-haul low-cost airline affiliate of the AirAsia Group said on Friday it benefited from other income totaling RM94.79mil, forex gain of RM57.12mil and deferred taxation of nearly RM50mil. Profit before tax was RM151.66mil while revenue was RM853.94mil. “Operating profit grew 8% year-on-year to RM115mil, attributed by higher revenue of RM854mil (+5% on-year) and lower cost (-4% on-year). Full report: http://www.thestar.com.my/business/business-news/2016/02/26/airasia-x-posts-net-profit-of-rm201m-in-q4fy15/ Edited February 26, 2016 by flee Share this post Link to post Share on other sites
flee 5 Report post Posted February 29, 2016 AirAsia FY15 results better than estimates “AirAsia group’s eye-popping core net profit of RM653mil was boosted by RM450mil in maintenance reserves transferred from the balance sheet into the revenue line during fourth quarter, but even if we remove this, group profits did exceed expectations,” CIMB said, adding that AirAsia used the opportunity afforded by the RM450mil boost to revenue by kitchen-sinking various items, hence reported net profit was lower at RM554mil. The kitchen sinking included an extra RM173mil and RM78mil of Indonesia AirAsia (IAA) and Philippines AirAsia (PAA) losses that were written off in fourth quarter against intercompany balances, which is a departure from usual practice of taking its share of losses only against its investment in the associates. There was another RM100mil in forex translation losses from trade payables charged to fourth quarter FY15. Full report: http://www.thestar.com.my/business/business-news/2016/02/29/airasia-fy15-results-better-than-estimates/ Airasia Press Release: http://www.airasia.com/cdn/docs/common-docs/investor-relations/3-airasia-press-release_4q15_final.pdf Investors' Briefing Slides: http://www.airasia.com/cdn/docs/common-docs/investor-relations/2-airasia-presentation_4q15_final.pdf? Share this post Link to post Share on other sites
flee 5 Report post Posted February 29, 2016 AirAsia X, AirAsia climb in active trade after Q4 FY15 results http://www.thestar.com.my/business/business-news/2016/02/29/airasia-x-airasia-climb-in-active-trade-after-fy15-results/ Press Release: http://airasiax.listedcompany.com/newsroom/AAX_4Q15_PRESS_RELEASE_26Feb_.pdf Investors' Briefing Slides: http://airasiax.listedcompany.com/misc/qr/presentation_slide_4Q2015.pdf Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted March 4, 2016 Good to see AirAsia Group is showing sign of recovery. However I think they should just cut off Indonesia and India operation as both entities are stretching the Group too thin. Indonesia has not shown much sign of improvement and I don't expect it to do so any time soon. Indonesia domestic market is saturated with Lion Air and GA and their related its associate companies. It would be a tough nut for AirAsia Indonesia to crack despite the recent restructuring. AirAsia Philippines has shown improvement, that is good to know. AirAsia has been attracting bad publicity lately, and they are growing way slower than other new comer like Air Vistara. The latter commands a larger market share despite being a later comer. Share this post Link to post Share on other sites
flee 5 Report post Posted March 4, 2016 Good to see AirAsia Group is showing sign of recovery. However I think they should just cut off Indonesia and India operation as both entities are stretching the Group too thin. Indonesia has not shown much sign of improvement and I don't expect it to do so any time soon. Indonesia domestic market is saturated with Lion Air and GA and their related its associate companies. It would be a tough nut for AirAsia Indonesia to crack despite the recent restructuring. AirAsia Philippines has shown improvement, that is good to know. AirAsia has been attracting bad publicity lately, and they are growing way slower than other new comer like Air Vistara. The latter commands a larger market share despite being a later comer. Indonesia and India are problematic and a great deal of the problems is caused by the respective governments. Philippines was bad too but they have been working hard to merge the two companies and improve the network and they seem to be bearing fruit. I think the slow growth of Airasia India is deliberate - they are cautious not to expand capacity too quickly when the aviation policies of India are still to be finalised. I think that they are also wary of rapid expansion because Airasia X came to grief when they tried to expand quickly in a period of 12-15 months. IMHO I think both markets are worth persevering - Airasia are in it for the long term and they need to invest in these markets. Also, don't forget the big picture - a healthy Indoneian and Indian operation will also bring benefits to the other group airlines. With Airasia Japan coming online in the second half of 2016, the group network will start to look very comprehensive. The biggest challenge for the group is to keep each country unit focussed and the whole group working together. Share this post Link to post Share on other sites
BC Tam 2 Report post Posted March 31, 2016 Presumably something significant expectedAirAsia voluntarily suspended on Fridayhttp://www.thestar.com.my/business/business-news/2016/03/31/airasia-voluntarily-suspended-on-friday/AirAsia set to announce fund raising of up to US$200mil - sourceshttp://www.thestar.com.my/business/business-news/2016/04/01/airasia-set-to-announce-fund-raising-of-up-to-us$200mil-say-sources/ Share this post Link to post Share on other sites
