AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

AirAsia X Bhd, Malaysia's long-haul budget airline, posted a seventh straight quarterly profit which surged largely due to foreign exchange gains and deferred taxes. The carrier reported a net profit of 47.4 million ringgit ($11.1 million) for the second quarter ended June, versus 1 million ringgit a year ago.
Revenue rose 17 percent to a record 1.04 billion ringgit, from 883.2 million ringgit a year ago. For the full year earnings were estimated by seven analysts polled by Reuters to be around 193 million ringgit. The quarterly performance was helped by aircraft leasing income growing 15 percent over the period to 123 million ringgit, mainly due to the depreciation of the ringgit, while ancillary revenue grew 41 percent from a year ago to 193.5 million ringgit.
Operating performance in the second quarter trended slightly above expectations despite the period historically being a lean travelling season. Passenger load factor - a measure of how full planes are - improved 5 percentage points to 80 percent, in line with the 26 percent year-on-year growth in available seats per kilometres (ASK) to 8,449 million.
Total passengers carried in the quarter rose 34 percent to 1.39 million. "The second quarter for AirAsia X Malaysia has seen more ASK capacity injected as compared to the same quarter last year. This was to set the tone for future quarters especially the fourth quarter of 2017 and the first quarter of 2018, both historically strong quarters," AirAsia X group chief executive Kamarudin Meranun said in a statement late Thursday.
The airline plans to strengthen its position in Australia, the highest revenue contributor to its Malaysian based business, while focusing on the growth opportunities available from North Asia in the second half of this year. Kamarudin added that the carrier is also streamlining operations with up to 10 percent cost savings.

Comments

Comments are closed.