AirAsia X reported a first-quarter group net profit of RM41.5 million ($10.4 million), up from a profit of RM10.3 million in the same period last year. Revenue for the quarter rose by 7% in the quarter, although average fares were down 3% and unit revenue declined 2%. Group capacity increased 10%.  Unit costs declined 2% mainly because of a stronger Malaysian currency versus the US dollar, and unit costs excluding fuel were down 10%. AirAsia X is planning further fleet and network ...

Subscribe to Access this Entire Article

"AirAsia X to grow fleet, network on 1Q profit boost" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.