KUALA LUMPUR: AirAsia X Bhd
(AAX) is enhancing transparency and accountability by introducing internal targets in its financial disclosures, ensuring greater clarity and alignment with Bursa Malaysia’s regulatory framework to support informed decision-making.
The carrier, in a filing with Bursa Malaysia, said the introduction of internal targets reflected AAX’s commitment to enhancing corporate governance by offering clear guidance to the investment community on its financial performance and value-creation strengths.
“By enhancing visibility into revenue, Ebitda, and other key financial metrics, the company aims to facilitate a more accurate assessment of its market position and growth potential.
“Under the new structure, AAX’s consolidated financial guidance will outline revenue performance, Ebitda, and non-margin metric,” AAX said.
Chairman Datuk Fam Lee Ee said: “As we accelerate towards becoming a leading airline group and evolve into one of the region’s largest aviation groups, setting clear financial targets is a critical step in ensuring transparency, accountability, and sustainable growth.”
“Given the scale of our multi-country operations, these targets will serve as our true north, keeping us focused on creating
long-term value for our shareholders and broader stakeholders,” he said, adding that the initiative strengthened accountability across all operational areas, spanning aviation and non-aviation business segments.
Moving forward, AAX will share internal targets with each quarterly financial report, starting with its fourth-quarter and full-year 2024 results. These targets are management’s aspirations and do not constitute financial estimates, forecasts, or projections under Bursa Malaysia’s disclosure standards.
