AirAsia has reported a net operating profit of RM 130.94 million in the quarter ended June 30, 2012, three per cent lower from the same period last year. However, its revenue in the quarter was up by nine per cent to RM 1.18 billion, according to a press release.
Aireen Omar, CEO, AirAsia, said, “Despite many airlines losing money or severely lagging behind in earnings,
AirAsia has continued to outperform in every quarter by posting healthy profits. Our cash position remains strong with RM 2.16 billion in cash and bank balances. Net gearing remained low at 1.10 times, whilst our Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring or Rent Costs (EBITDAR) and EBIT margi ns were 32 per cent and 17 per cent, respectively.” Thai AirAsia posted revenue of THB 4.43 billion, a 16 per cent growth from the previous year. This was attributed to a higher passenger volume after the introduction of new routes. The airline reported a net profit of THB 245.79 million in April-June this year, compared with a net profit of THB 328.08 million in the same period last year. The airline’s load factor was 79 per cent, owing to its listing on the Stock Exchange of Thailand via its holding company, Asia Aviation Ltd, on May 31, 2012. Indonesia AirAsia recorded revenue of IDR 986.52 million in the quarter under review, nine per cent higher than last year. This was attributed to higher passenger volume, which was up by 15 per cent from the previous year. On the outlook for this year, Aireen said, “We hope to launch more routes and increase frequencies on a few routes within the Association of South-East Asian Nations (ASEAN) in the second half of 2012. This will be supported by the deliveries of 13 (as of date) brand new Airbus 320s.”
Click here to see the original article>AirAsia has continued to outperform in every quarter by posting healthy profits. Our cash position remains strong with RM 2.16 billion in cash and bank balances. Net gearing remained low at 1.10 times, whilst our Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring or Rent Costs (EBITDAR) and EBIT margi ns were 32 per cent and 17 per cent, respectively.” Thai AirAsia posted revenue of THB 4.43 billion, a 16 per cent growth from the previous year. This was attributed to a higher passenger volume after the introduction of new routes. The airline reported a net profit of THB 245.79 million in April-June this year, compared with a net profit of THB 328.08 million in the same period last year. The airline’s load factor was 79 per cent, owing to its listing on the Stock Exchange of Thailand via its holding company, Asia Aviation Ltd, on May 31, 2012. Indonesia AirAsia recorded revenue of IDR 986.52 million in the quarter under review, nine per cent higher than last year. This was attributed to higher passenger volume, which was up by 15 per cent from the previous year. On the outlook for this year, Aireen said, “We hope to launch more routes and increase frequencies on a few routes within the Association of South-East Asian Nations (ASEAN) in the second half of 2012. This will be supported by the deliveries of 13 (as of date) brand new Airbus 320s.”