Latest news with #AAX
The Star
28-05-2025
- Business
- The Star
AirAsia X 1Q revenue increases 3% to RM940mil
The low-cost airline said its forward sales trajectory remained promising. PETALING JAYA: AirAsia X Bhd (AAX) is remaining prudent in its monitoring of foreign exchange and jet fuel price trends. In a filing with Bursa Malaysia, the low-cost airline said its forward sales trajectory remained promising, particularly buoyed by trends on ancillary take-up. 'Barring any unforeseen circumstances, the group is optimistic that it will maintain this momentum as we move into one of our strongest quarters between October and December.' The company posted a net profit of RM50.2mil, in the first quarter ended March 31, 2025 (1Q25), down from RM80.12mil in the previous corresponding period. AAX said net profit in 1Q25 represented a 5% margin even as its cost base expanded parallel to operational growth. Cost per ASK edged up marginally to 13.97 sen driven by slightly higher staffing with additional aircraft in operation and airport-related expenses. 'These were partially mitigated by a lower jet fuel price year-on-year and a reduction in aircraft lease expenses as most aircraft exited pay-by-hour arrangements since 1Q24,' it said. AAX reported a revenue of RM940.1mil in 1Q25, increasing by 3% year-on-year from RM908.9mil in 1Q24, driven by a 12% growth in capacity to 1.29 million seats. 'In line with capacity expansion, AAX achieved a 12% year-on-year increase in passenger traffic in 1Q25, carrying 1.08 million passengers. 'This was driven by sustained demand across core markets and efficient capacity deployment, resulting in a robust passenger load factor of (PLF) 83%.' During the quarter under review, AAX said it expanded its available seat kilometres by 17% year-on-year to 5.88 billion, strategically aligning capacity to capture peak demand during festive and holiday periods. 'Japan and Australia emerged as key outperformers within the network, with core routes delivering strong load factors of between 85% and 90%, reflecting sustained travel demand and effective capacity optimisation in high-yield markets.' Meanwhile, AirAsia X Thailand (TAAX), the company's associate, recorded RM512.7mil in revenue and an operating profit of RM15.5mil in 1Q25. 'TAAX carried a total of 500,128 passengers this quarter, up 14% year-on-year as seat capacity increased by 23% year-on-year to 604,584 seats. 'The one-off effect of the hub transition from Suvarnabhumi to Don Mueang in October 2024 has stabilised, with the network now operating at peak performance. TAAX's average fare held strong at RM833 per passenger this quarter,' it said.
The Star
28-05-2025
- Business
- The Star
AAX's 1Q25 revenue increases 3% to RM940mil
PETALING JAYA: AirAsia X Bhd (AAX) is remaining prudent in its monitoring of foreign exchanges and jet fuel price trends. In a filing with Bursa Malaysia, the airline company said its forward sales trajectory remains promising, particularly buoyed by trends on ancillary take-up. 'Barring any unforeseen circumstances, the group is optimistic that it will maintain this momentum as we move into one of our strongest quarters between October - December.' The company posted a net profit of RM50.2mil, in the first quarter ended March 31, 2025 (1Q25), down from RM80.12mil in the previous corresponding period. AAX said net profit in 1Q25 represented a 5% margin even as its cost base expanded in parallel to operational growth. Cost per ASK edged up marginally to 13.97 sen driven by slightly higher staffing with additional aircraft in operation and airport-related expenses. 'These were partially mitigated by a lower jet fuel price year-on-year and a reduction in aircraft lease expenses as most aircraft exited pay-by-hour arrangements since 1Q24,' it said. AAX reported a revenue of RM940.1mil in 1Q25, increasing by 3% year-on-year from RM908.9mil in 1Q24, driven by a 12% growth in capacity to 1.29 million seats. 'In line with capacity expansion, AAX achieved a 12% year-on-year increase in passenger traffic in 1Q25, carrying 1.08 million passengers. 'This was driven by sustained demand across core markets and efficient capacity deployment, resulting in a robust passenger load factor of (PLF) 83%.' During the quarter under review, AAX said it expanded its available seat kilometres by 17% year-on-year to 5.88 billion, strategically aligning capacity to capture peak demand during festive and holiday periods. 'Japan and Australia emerged as key outperformers within the network, with core routes delivering strong load factors between 85% and 90%, reflecting sustained travel demand and effective capacity optimisation in high-yield markets.' Meanwhile, AirAsia X Thailand (TAAX), the company's associate, recorded RM512.7mil in revenue and an operating profit of RM15.5 million in 1Q25. 'TAAX carried a total of 500,128 passengers this quarter, up 14% year-on-year as seat capacity increased by 23% year-on-year to 604,584 seats. The one-off effect of the hub transition from Suvarnabhumi to Don Mueang in October 2024 has stabilised, with the network now operating at peak performance. TAAX's average fare held strong at RM833 per passenger this quarter.' As of March 31, 2025, AAX's total fleet increased to 19 A330 aircraft following the induction of one additional aircraft from a third-party lessor. 'Of these, 17 aircraft were activated and operational. TAAX maintained a fleet of 10 A330s, supporting network recovery and growth across core markets.' AAX chief executive officer Benyamin Ismail said it had been a stellar quarter for the group, having delivered sustained passenger load and profitability. 'In February, we took delivery of one additional aircraft, and today, the company has 18 out of its 19-aircraft fleet operational. 'The final aircraft is on track for reactivation by mid-year, and we are focussed on ensuring full fleet deployment to meet market demand.'
New Straits Times
28-05-2025
- Business
- New Straits Times
AirAsia X posts lower net profit of RM50.21mil in 1Q25
KUALA LUMPUR: AirAsia X Bhd (AAX) reported a lower net profit of RM50.20 million in the first quarter ended March 31, 2025 (1Q 2025) from RM80.11 million in the previous corresponding period. However, revenue for the quarter under review increased to RM940.08 million from RM908.91 million previously, primarily due to higher ticket sales resulting from a rise in the number of passengers and ancillary revenue per passenger. In a filing with Bursa Malaysia today, the airline reported carrying 1.08 million passengers on 1.29 million seats in 1Q 2025, resulting in a passenger load factor of 83 per cent, which reflects a solid start to the year. "The board is pleased to share that the results from 1Q 2025 are encouraging and is indeed optimistic that the company is on the right trajectory towards achieving its published internal targets," it said. Regarding prospects, AAX stated that it is aware of the historical trend that typically occurs in the second and third quarters of the year and remains promising regarding its forward sales trajectory, particularly buoyed by trends in ancillary take-up. "Barring any unforeseen circumstances, the group is optimistic that it will maintain this momentum as we move into one of our strongest quarters between October and December. "While the geopolitical factors remain volatile in regions across the world, the group is prudent in its monitoring of foreign exchanges and jet fuel price trends," it added. AAX did not declare any dividend for 1Q 2025. -- BERNAMA
BusinessToday
02-05-2025
- Business
- BusinessToday
Capital A's Auditors Flag Material Uncertainty Over Going Concern
Capital A Berhad has announced that its external auditors, Ernst & Young have issued an unqualified audit opinion on the company's audited consolidated financial statements for the financial year ended 31 December 2024. However, this opinion includes a 'material uncertainty related to going concern' paragraph. This disclosure, made pursuant to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, highlights significant doubt regarding the Group's and the Company's ability to continue as a going concern. The material uncertainty stems from the fact that, as of the date of the audit report, key milestones related to the company's Proposed Disposals remain incomplete. These include obtaining necessary approvals from government entities, financiers/lenders, and third parties for both Capital A and AirAsia X Berhad (AAX). Additionally, AAX has yet to raise RM1.0 billion as part of these disposals. Capital A had previously announced a Proposed Regularisation Plan on 24 October 2024, involving a proposed reduction of its issued share capital of up to RM6.0 billion. This plan received approval from Bursa Securities on 7 March 2025. A circular to shareholders and notice to holders of redeemable convertible unsecured Islamic debt securities (RCUIDS) concerning the plan was issued on 15 April 2025. Extraordinary general meetings to seek shareholder and RCUIDS holder approval are scheduled for 7 May 2025. The company stated that the material uncertainty highlighted by the auditors is linked to the ongoing implementation of both the Proposed Disposals and the Proposed Regularisation Plan. Capital A anticipates that the concerns leading to the 'material uncertainty related to going concern' paragraph will be resolved upon the fulfillment of the remaining conditions precedent for the Proposed Disposals, which are expected to be completed by the second quarter of 2025, barring any unforeseen circumstances. Related
