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AirAsia X’s FY17 Net Profit Surges To RM98.89 Mln

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KUALA LUMPUR – AirAsia X Bhd’s net profit for the financial year ended Dec 31, 2017 surged to RM98.89 million from RM44.84 million in 2016.

Revenue rose to RM4.56 billion from RM3.90 billion previously, the company said in a filing to Bursa Malaysia today.

“The revenue was supported by a 12 per cent growth in passenger volume. Ancillary revenue per passenger increased by four per cent to RM142 year-on-year.

“The seat load factor was at 83 per cent which was two percentage point higher than the same period last year,” it said.

For the fourth quarter, the company’s net profit jumped to RM84.41 million compared to RM39.01 million, while revenue went up to RM1.22 billion from RM1.17 billion previously.

Based on the current forward booking trend, it said forward loads and average fares were trending better than the previous year.

“Barring any unforeseen circumstances, including but not limited to terrorist attacks, natural disasters, epidemics, economic downturn, fuel price hike and fluctuation in foreign currencies against the ringgit, the company expects its prospects to remain positive,” it added. – BERNAMA

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