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AirAsia X Records Pre-Tax Loss Of RM8.63 Mln For Q3

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KUALA LUMPUR – AirAsia X Bhd recorded a pre-tax loss of RM8.63 million for the third quarter ended Sept 30, 2017 against a pre-tax profit of RM12.01 million in the same period of last year.

Revenue, however, rose to RM1.12 billion from RM982.4 million, driven by a 22 per cent growth in scheduled flight revenue and a 29 per cent growth in ancillary revenue.

In a statement, the airline said for the quarter under review, passengers carried were up 23 per cent year-on-year, exceeding available seat per kilometre (ASK) capacity growth of 18 per cent year-on-year, allowing load factor to grow to 79 per cent.

“Revenue per ASK was down three per cent year-on-year to 12.32 sen from 12.70 sen due to increased capacity on existing routes and promo fares offered to stimulate new routes, while cost per ASK was up six per cent year-on-year, on the back of provision for doubtful debt and weaker ringgit against the US dollar,” it said.

On outlook, AirAsia X Group Chief Executive Officer Datuk Kamarudin Meranun said bookings for the fourth quarter this year and first quarter next year were ahead of last year, showing that demand to fly remained strong.

“This reflects growing evidence that consumers are prioritising expenditure on flights and holidays above other non-essential items.

“Most importantly, we believe we can end 2017 on a high note as we are confident that 4Q17 will be a good quarter for us,” he added. – BERNAMA

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