AAX in for stronger 2H on higher demand and fares

PETALING JAYA: The second half of financial year 2023 (2H23) is expected to be a lot stronger for AirAsia X Bhd (AAX) on seasonally higher demand and fares, coupled with sequentially lower expenses.

For the third quarter of financial year 2023 (3Q23) and 4Q23, AAX said passenger demand and fares are trending higher and maintenance and operations expenses will moderate to about RM90mil per quarter.