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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