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AirAsia X Q1 Pre-Tax Loss Rises TO RM117.28 Mln

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KUALA LUMPUR – AirAsia X Bhd posted a pre-tax loss of RM117.28 million for the first quarter (Q1) ended March 31, 2015, compared with a pre-tax loss of RM48.13 million previously.

Revenue, however, rose 3.5 per cent to RM775.37 million from RM749.48 million previously, the company said in a filing to Bursa Malaysia today.

“The strong revenue was driven by charters and wet leases, operating lease income and cargo,” it said.

Operator expenses for the quarter under review decreased one per cent year-on-year (y-o-y) in Q1 2015 to RM776 million from RM786 million in Q1 2014, mainly due to a 32 per cent y-o-y drop in jet fuel cost from RM401 million to RM274 million in Q1 2015, attributed to lower fuel prices, the company said.

“There will be more aggressive marketing collaboration with AirAsia BIG to raise awareness of the loyalty programme’s benefits such as redemption of BIG points for free flights and 24-hour priority booking for AirAsia sales.

“We are also introducing exclusive duty-free products on-board and a new sales platform to boost our ancillary revenue,” said AirAsia X Group Chief Executive Officer Datuk Kamaruddin Meranun. – BERNAMA

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