Jump to content


Icon Important Announcement!


New registrations require administration validation. This may delay registration approvals.
Reach out to us on our Facebook Page for faster approvals


Photo

2019 Q1 Financial Results for Airasia Group/Airasia X


  • Please log in to reply
7 replies to this topic

#1 flee

flee
  • Platinum Member
  • 11,537 posts

Posted 16 May 2019 - 09:17 PM

AirAsia X Posted 1Q19 Net Profit After Tax of RM43.3 Million

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.

More:
https://newsroom.air...nancial-results

#2 flee

flee
  • Platinum Member
  • 11,537 posts

Posted 16 May 2019 - 09:42 PM


Bursa Malaysia filing:
http://disclosure.bu..._FR_ATTACHMENTS

#3 flee

flee
  • Platinum Member
  • 11,537 posts

Posted 17 May 2019 - 05:48 PM

Analysts' Presentation:
http://airasiax.com/...lide_1Q2019.pdf

#4 KK Lee

KK Lee
  • Platinum Member
  • 5,201 posts

Posted 28 May 2019 - 04:08 PM

Fierce competition is decimating the bottom lines of Asia's airlines despite swelling passenger numbers.
 
Budget airlines have become especially popular among the region's enthusiastic middle-class travelers, but their proliferation has resulted in a profit margin of less than $5 per passenger, according to the Association of Asia Pacific Airlines.
 
Analysis by the Kuala Lumpur-based trade group of the earnings performance at 25 carriers in the region, shows total net profit halved to $4.7 billion in 2018, accounting for the low per-passenger profit.
 
 


#5 flee

flee
  • Platinum Member
  • 11,537 posts

Posted 30 May 2019 - 12:36 AM

AirAsia Group Q1 net profit RM96m, declares 90c dividend

Read more at https://www.thestar....s-90c-dividend/

Bursa Malaysia filing:
http://disclosure.bu..._FR_ATTACHMENTS

#6 flee

flee
  • Platinum Member
  • 11,537 posts

Posted 30 May 2019 - 09:46 AM

AIRLINE REVENUE UP 9% - RM2.8 BILLION
AIRLINE EBITDA UP 6% - RM678.4 MILLION
NON-AIRLINE EBITDA OF RM38.9 MILLION
PASSENGERS CARRIED GROWTH OF 18%
RASK GROWTH OF 3%
SPECIAL DIVIDEND OF 90 SEN

Press release:
https://newsroom.air...nancial-results

#7 flee

flee
  • Platinum Member
  • 11,537 posts

Posted 30 May 2019 - 06:01 PM

Presentation: https://ir.airasia.c...ion-airasia.pdf

#8 KK Lee

KK Lee
  • Platinum Member
  • 5,201 posts

Posted 14 June 2019 - 07:28 AM


For an airline mogul staring down the barrel of a hostile global economy, Tony Fernandes seems strangely optimistic, not just for AirAsia Group, but for his native Malaysia, too.

"It's an exciting and deeply promising moment all around," Fernandes told the Nikkei Asian Review in the airline's frenetic headquarters at Kuala Lumpur International Airport.

Some investors may tell a different story. The carrier he founded in 2001 is losing altitude amid global trade war, high fuel costs and competition lowering fares. The shares are down a third from an all-time high in February 2018.


AirAsia is profitable in Malaysia, but operations in Indonesia, Thailand and elsewhere are either losing money or seeing earnings drop. Net income slipped 92% in the three months through March from a year ago.

https://asia.nikkei....ing-on-optimism




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users