AirAsia reports 24th consecutive profitable quarter
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Southeast Asia,
AirAsia
AirAsia announced the unaudited results for the six months ended 31-Dec-07. The carrier has reported its 24th consecutive profitable quarter, with results attributed to growth in passenger volume, higher average ticket price and growth in ancillary income.
Revenue for the quarter grew 43% year-on-year, to USD197.5 million. These results were achieved on the back of 21% growth in passenger volume, 17% higher average ticket prices and 49% growth in ancillary income.
Unit cost was at US3.43 cents per ASK, 7% higher due to unit fuel price increasing by 31% to
USD101 per barrel in the period.
The combination of higher yields and contained unit cost has resulted in a net profit of USD76.7 million, a 73% growth as compared to the same period last year.
Meanwhile, AirAsia successfully overtook Malaysian Airlines (MAS) as the largest domestic Malaysian carrier with 6.5 million passengers compared to 5.4 million by MAS.
For the full 12 months of 2007, AirAsia’s total revenue was USD592.5 million and load factor was at 79%.
In announcing the results, AirAsia CEO, Tony Fernandes, said “Our humble beginnings took flight six years ago, and after 24 consecutive profitable quarters later, we are now the highest profit margin airline in the world.”
© Centre for Asia Pacific Aviation. Date posted: 28-Feb-08
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AirAsia reports 24th consecutive profitable quarter 
