Kuala Lumpur: AirAsia Bhd’s net profit surged 86.6 per cent to RM1.09 billion in the first quarter ended March 31, 2018 from RM584.25 million a year ago.
Its revenue increased 15 per cent year-on-year to RM2.56 billion from RM2.23 billion, supported by strong load factor of 87 per cent and 16 per cent increase in passengers carried to 10.65 million.
In a statement, AirAsia said revenue per available seat kilometre (RASK) for the consolidated units of Malaysia, Indonesia and Philippines recorded at 14.68 sen, down two per cent from 14.91 sen due to a 19 per cent increase in additional capacity.
It said average fare per passenger increased marginally to RM171 on the back of a strong load factor of 87 per cent.
It said the overall impact was cushioned by the 11 per cent increase in ancillary revenue from RM454.6 million to RM505.1 million for the consolidated group.
AirAsia Thailand posted Q1 revenue of 11.27 billion baht, up 23 per cent from 9.16 billion baht in the same quarter last year, surpassing the increased capacity of 15 per cent and a 16 per cent surge in passengers carried.
Net operating profit was reported at 1.89 billion baht up by 90 per cent year-on-year, alongside a 77 per cent increase in profit after tax to 1.83 billion baht, on strong tourism growth during the peak travel period in Q1.
AirAsia India recorded a 76 per cent increase in revenue to 4.83 billion Indian rupee in Q1 from 2.75 billion Indian rupee in the same quarter last year.
India reported a net operating loss of 970 million Indian rupee largely due to the increase in aircraft fuel expenses as well as aircraft maintenance. Despite the huge capacity added, RASK managed to grow slightly to 273 Indian rupee as compared to the same period in 2017.
“This quarter was a strong quarter for us, which shows a good start to a full year of positive results. We added 17 aircraft and an additional capacity of 19 per cent for our consolidated group in order to serve the strong demand for air travel in Q1 2018 as compared to Q1 2017.
24/05/18 Farah Adilla/New Straits Times
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Its revenue increased 15 per cent year-on-year to RM2.56 billion from RM2.23 billion, supported by strong load factor of 87 per cent and 16 per cent increase in passengers carried to 10.65 million.
In a statement, AirAsia said revenue per available seat kilometre (RASK) for the consolidated units of Malaysia, Indonesia and Philippines recorded at 14.68 sen, down two per cent from 14.91 sen due to a 19 per cent increase in additional capacity.
It said average fare per passenger increased marginally to RM171 on the back of a strong load factor of 87 per cent.
It said the overall impact was cushioned by the 11 per cent increase in ancillary revenue from RM454.6 million to RM505.1 million for the consolidated group.
AirAsia Thailand posted Q1 revenue of 11.27 billion baht, up 23 per cent from 9.16 billion baht in the same quarter last year, surpassing the increased capacity of 15 per cent and a 16 per cent surge in passengers carried.
Net operating profit was reported at 1.89 billion baht up by 90 per cent year-on-year, alongside a 77 per cent increase in profit after tax to 1.83 billion baht, on strong tourism growth during the peak travel period in Q1.
AirAsia India recorded a 76 per cent increase in revenue to 4.83 billion Indian rupee in Q1 from 2.75 billion Indian rupee in the same quarter last year.
India reported a net operating loss of 970 million Indian rupee largely due to the increase in aircraft fuel expenses as well as aircraft maintenance. Despite the huge capacity added, RASK managed to grow slightly to 273 Indian rupee as compared to the same period in 2017.
“This quarter was a strong quarter for us, which shows a good start to a full year of positive results. We added 17 aircraft and an additional capacity of 19 per cent for our consolidated group in order to serve the strong demand for air travel in Q1 2018 as compared to Q1 2017.
24/05/18 Farah Adilla/New Straits Times
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