AirAsia X network shrink drags Q1 profit down 18%
AirAsia X Group's Q1 operating profit fell 18% to MYR49.6m (US$11.9m) as it carried less passengers and cut 4 routes. Revenue declined 8.1% to MYR1.17b during the quarter ended 31 March, while expenses fell 7.6% to MYR1.12b despite higher depreciation and maintenance charges. CASK including fuel was down 3% to MYR0.13, while excluding fuel it was flat at MYR0.82. Attributable net profit rose 4.2% to MYR44.3m, as an MYR89m gain in foreign exchange offset higher financing costs. AirAsia X's operating profit fell 18% to MYR49.6m during the January-March 2019 quarter The number of passengers carried during the January-March quarter fell 5% to 1.51m, in line with a 5% decline in ASKs as it terminated services to Tehran, Kathmandu, Male and Auckland. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-05-20/unaligned/airasia-x-network-shrink-drags-q1-profit-down-18
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AirAsia X network shrink drags Q1 profit down 18%
AirAsia X Group's Q1 operating profit fell 18% to MYR49.6m (US$11.9m) as it carried less passengers and cut 4 routes. Revenue declined 8.1% to MYR1.17b during the quarter ended 31 March, while expenses fell 7.6% to MYR1.12b despite higher depreciation and maintenance charges. CASK including fuel was down 3% to MYR0.13, while excluding fuel it was flat at MYR0.82. Attributable net profit rose 4.2% to MYR44.3m, as an MYR89m gain in foreign exchange offset higher financing costs. AirAsia X's operating profit fell 18% to MYR49.6m during the January-March 2019 quarter The number of passengers carried during the January-March quarter fell 5% to 1.51m, in line with a 5% decline in ASKs as it terminated services to Tehran, Kathmandu, Male and Auckland. <br/>
