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PETALING JAYA: AirAsia X Bhd (AAX), the long-haul budget airline, has reported its fourth consecutive quarterly profit on higher revenue and improved cost efficiencies. The lower price of fuel and the weaker ringgit are also benefiting the company.
KUALA LUMPUR: Long-haul budget carrier AirAsia X posted an operating profit of RM20.03mil in the second quarter ended June 30, 2016, a stark contrast from the near RM100mil losses a year ago as its load and average base fare increased and it benefited from lower oil prices.
KUALA LUMPUR: AirAsia X Bhd (AAX), having returned to the black in the fourth quarter of last year, maintained its healthy performance in the first quarter (Q1) of this year with a net profit of RM179.5mil against a loss of RM125.9mil a year earlier.
KUALA LUMPUR: AirAsia X posted net profit of RM201.58mil in the fourth quarter ended Dec 31, 2015 (Q4, FY15) – the first net profit after eight quarters of losses since Q4, 2013 -- boosted by better operating performance, other income, forex gain and deferred taxation.
PETALING JAYA: Despite optimism over the financial results of AirAsia Bhd and AirAsia X Bhd (AAX), which will be released next week, the budget carriers saw their share prices fall at the close.
PETALING JAYA: AirAsia X Bhd, the long-haul affiliate of the AirAsia group, reported a drop in passenger traffic in the second quarter ended June 30, but the airline is optimistic of a quick rebound.