AirAsia X posts RM80.1mil net profit in 1Q
Amidst the ongoing merger and acquisition where AirAsia X Bhd (AAX) is acquiring Capital A Bhd’s aviation business, AAX has committed to fully activating its fleet by the second half of this year. In a filing with Bursa Malaysia, the airline, which saw its Practice Note 17 (PN17) status uplifted last November, reported that as of the end of March, its fleet size stood at 18 aircraft, with 16 already activated. It said the focus remains on the full activation of its fleet by the second half of the year. "The group expects to activate one aircraft in July 2024 and the final one in November 2024," the filing noted. AAX said the activation of its full fleet is imperative for the implementation of the group's network strategy, including the continued relaunch of key profitable routes in China. “With the recent announcement of the visa-exemption policy to China until 2025, the group aims to capitalise on the potential the market has demonstrated historically,” it said. Additionally, the group is also assessing new destinations to be incorporated into its network and apart from, most recently, Central Asia, the group looks forward to bridging the connectivity for more regions soon.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2024-05-28/unaligned/airasia-x-posts-rm80-1mil-net-profit-in-1q
https://portal.staralliance.com/cms/logo.png
AirAsia X posts RM80.1mil net profit in 1Q
Amidst the ongoing merger and acquisition where AirAsia X Bhd (AAX) is acquiring Capital A Bhd’s aviation business, AAX has committed to fully activating its fleet by the second half of this year. In a filing with Bursa Malaysia, the airline, which saw its Practice Note 17 (PN17) status uplifted last November, reported that as of the end of March, its fleet size stood at 18 aircraft, with 16 already activated. It said the focus remains on the full activation of its fleet by the second half of the year. "The group expects to activate one aircraft in July 2024 and the final one in November 2024," the filing noted. AAX said the activation of its full fleet is imperative for the implementation of the group's network strategy, including the continued relaunch of key profitable routes in China. “With the recent announcement of the visa-exemption policy to China until 2025, the group aims to capitalise on the potential the market has demonstrated historically,” it said. Additionally, the group is also assessing new destinations to be incorporated into its network and apart from, most recently, Central Asia, the group looks forward to bridging the connectivity for more regions soon.<br/>
