AirAsia X eyes full fleet reactivation by year-end and targets ‘unique markets’

Malaysia’s AirAsia X expects to fully reactivate its fleet of 18 Airbus A330s by the end of the year, clearing what it calls a “final hurdle” for network expansion. The medium-haul, low-cost carrier is also in the process of firming up the lease of a sole A330, which will enter its fleet in early 2025. The fleet forecast comes as AirAsia X remained in the black for the quarter ended 30 June, though it felt the impact of rising operating costs. AirAsia X posted a positive EBITDA of MYR58.4m ($13.4m) for the quarter, down more than 40% year on year, while net profit stood at MYR4.8m, against MYR5.5m the year before. AirAsia X reported a 30% jump in revenue to MYR669m during a “traditionally weaker” quarter, as the airline ramped up operations and grew its network. Passenger volume rose 42% to more than 880,000, while capacity was increased by 30%. Still, that was offset by a rise in operating costs, particularly with fuel up 43% and staff costs up 26%. Maintenance costs also increased slightly, due to more aircraft in operation. AirAsia X says it is looking at growing across more regions – including to “unique markets” – as well as rebuilding capacity into its core markets. Its Mainland China operations are showing “encouraging” results, with the airline set to launch flights to Chongqing – its seventh destination in the country.<br/>