AirAsia X posts first-ever Q2 net profit
AirAsia X reported a RM1.02m (US$252,241) net profit for the 2016 Q2, the first Q2 net profit since the airline’s 2007 inception, the company said. AirAsia X posted a RM133m net loss in 2Q 2015. Revenue for the quarter was up 35.2% year-over-year to RM218m while expenses increased 14.6% YOY to RM863m; the airline group posted an operating profit of RM20m, reversed from a RM99.9m loss in the year-ago quarter. AirAsia X’s Q2 growth was attributable to “better average base fare and load factor improvement … across all core routes, especially China,” the airline said. Australian traffic also contributed to the carrier’s performance during the quarter, as passenger revenue from the country increased 56% YOY. China’s revenue was up 47% YOY during the quarter, the airline said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-08-31/unaligned/airasia-x-posts-first-ever-q2-net-profit
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AirAsia X posts first-ever Q2 net profit
AirAsia X reported a RM1.02m (US$252,241) net profit for the 2016 Q2, the first Q2 net profit since the airline’s 2007 inception, the company said. AirAsia X posted a RM133m net loss in 2Q 2015. Revenue for the quarter was up 35.2% year-over-year to RM218m while expenses increased 14.6% YOY to RM863m; the airline group posted an operating profit of RM20m, reversed from a RM99.9m loss in the year-ago quarter. AirAsia X’s Q2 growth was attributable to “better average base fare and load factor improvement … across all core routes, especially China,” the airline said. Australian traffic also contributed to the carrier’s performance during the quarter, as passenger revenue from the country increased 56% YOY. China’s revenue was up 47% YOY during the quarter, the airline said. <br/>
