AirAsia X posts RM25mil profit in quarter ended Sept 30 on post-pandemic recovery

AirAsia X recorded a net profit of RM25.09m and revenue of RM100.10m for the fifth quarter ended Sept 30, 2022 (Q5 2022) on the back of post-pandemic economic recovery. Due to a change in its financial reporting period, there were no comparable figures for the preceding year's corresponding period. AirAsia X Malaysia CEO Benyamin Ismail said "AAX is now well on track in its recovery path even as the airline is compelled to operate in a challenging operational environment dictated by high fuel prices and a weakened Malaysian ringgit against the US dollar.” "While we are cautious of the strenuous operating conditions, we remain confident that the recovery of the company is on the horizon, if not already within our reach. "Despite a higher fare environment, we are confident of still providing the best-valued fares in our category in the market. "We look forward to resuming services to more of our mid-range destinations in the coming months," he said.<br/>