KUALA LUMPUR: AirAsia X Bhd
(AAX) is optimistic about its 2025 outlook and remains focused on strong operational and financial performance to ensure sustainable returns for shareholders.
In a filing with Bursa Malaysia, the company announced its 2025 revenue target, set between RM3.5bil and RM4bil.
It is also targeting an earnings before interest, taxes, depreciation, and amortisation (Ebitda) of RM500mil to RM550mil, with a net operating profit (NOP) margin of 4.5% to 5.5%.
AAX expects to achieve its targets, driven by strong demand during peak travel seasons, an expanded fleet of 19 operational aircraft by the first half of 2025, and network optimisation in South and Central Asia. The group is also factoring in higher aircraft maintenance checks in the current financial year.
“The company's performance is contingent on meeting the operational targets, which include being able to operate aircraft and deploy capacity on a timely basis as planned.
“By year end, the group should have flown 4.7 million passengers over 24 million ASKs. The jet kerosene fuel price is assumed to remain stable at US$90 per barrel, and the following exchange rate applies - USD: MYR = 4.4,” AAX said.
In the fourth quarter ended Dec 31, 2024 (4Q24), AAX posted a net profit of RM22.6mil, or earnings per share of 5.00 sen, lifting its full-year net profit to RM229.1mil, or 51.30 sen.
Revenue for the quarter rose 6.6% to RM872.3mil, bringing full-year revenue to RM3.2bil.
The improvement in the group's revenue was primarily generated from more ticket sales as a result of an increase in the number of pax and ancillary revenue per pax.
