It is good to know that after 2 quarters of losses, Airasia Bhd finally releases a satisfactory quarterly report. AirAsia Bhd’s earnings rose 26% to RM203.15 million in the first quarter, up 26% from RM161.28 million a year ago.
The higher earnings were due to higher yields, lower unit costs and one-off Rm48.53 million item gain. Revenue rose 33% to RM714.18 million from RM535.32 million.
Yield rose 12% to 13.7 sen per ASK, while unit costs fell 18% to 8.6 sen per ASK while load factor declined to 69.7%. AirAsia also said second-quarter passenger traffic is headed for a 21 per cent jump, matching last quarter’s increase as budget-conscious travelers look for cheap air fares.
Based on bookings in the second quarter, passenger demand “remains robust,” AirAsia said.
Airasia Bhd is one of the company I like most. Airasia Bhd is expanding fast even during this difficulty time but at the same time other airlines are closing down. The carrier’s surging traffic contrasts with slumps at regional rivals including Singapore Airlines Ltd., which is cutting routes and capacity.
The airline expects to fly 24 million people this year as the company adds routes in India and expands flights to existing destinations in China. AirAsia, which has ordered 175 Airbus SAS planes, is increasing its capacity by about 20 per cent each quarter.
On overseas operations, Thai AirAsia had performed exceptionally well to counter the weakening domestic consumer sentiment as a result of the internal political disturbances. It posted an operating profit of RM30.5mil for the period.
Good job Airasia. Malaysia boleh!
No comments:
Post a Comment