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2019 Q1 Financial Results for Airasia Group/Airasia X
Posted 16 May 2019 - 09:17 PM
SEPANG, 16 MAY 2019 AirAsia X Berhad (AirAsia X or the Company) today reported its financial results for the First Quarter of 2019 (1Q19).
The Company recorded a net profit of RM43.3 million for the quarter, up by 4% year-on-year (YoY) from the previous years RM41.5 million. Revenue was lower at RM1.17 billion, on the back of lower passengers carried. In 1Q19, the number of passengers carried recorded was 5% lower YoY at 1,512,546 as compared to 1,588,644 passengers carried in 1Q18. The drop in number of passengers carried came in the wake of Available Seat Kilometre (ASK) which dropped 5% during the quarter due to shorter stage routes in operation following the termination of Tehran, Kathmandu, Male and most recently, Auckland in February 2019. The YoY drop in passengers and ASK is a result of the Companys ongoing capacity management which saw realignment of flights which leads to softer aircraft utilisation. The available capacity has since been redeployed to core markets in Greater China, Japan, South Korea and India.
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