AirAsia X swings to Q3 profit
Long-haul budget carrier AirAsia X swung to a profit of MYR11.02m ringgit (US$2.49m) in its Q3, from a loss of MYR288.2m. Revenue for the quarter to end September was MYR982.4m, an increase of 23.9% on the same period last year. The increase was due to increased ticket revenue, ancillary income and aircraft operating lease income. Pre-tax profit was MYR12m ringgit, from 2015’s loss of MYR291m. During the quarter capacity in available seat km terms (ASK) was up 34% and revenue (in revenue seat km) rose 39%. AirAsia X carried 1.22m passengers in the three months, a 35% uplift from 2015. Load factor was up 3 percentage points at 78%. The third quarter has “seen great capacity injected amounting to 10% out of the 32% planned for the whole year,” the airline said. “Australia routes continue to be [AirAsia X’s] highest revenue contributor at 33% of total revenue.”<br/>
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AirAsia X swings to Q3 profit
Long-haul budget carrier AirAsia X swung to a profit of MYR11.02m ringgit (US$2.49m) in its Q3, from a loss of MYR288.2m. Revenue for the quarter to end September was MYR982.4m, an increase of 23.9% on the same period last year. The increase was due to increased ticket revenue, ancillary income and aircraft operating lease income. Pre-tax profit was MYR12m ringgit, from 2015’s loss of MYR291m. During the quarter capacity in available seat km terms (ASK) was up 34% and revenue (in revenue seat km) rose 39%. AirAsia X carried 1.22m passengers in the three months, a 35% uplift from 2015. Load factor was up 3 percentage points at 78%. The third quarter has “seen great capacity injected amounting to 10% out of the 32% planned for the whole year,” the airline said. “Australia routes continue to be [AirAsia X’s] highest revenue contributor at 33% of total revenue.”<br/>
