Aviation

AirAsia to add aircraft in India in 2015

DELHI

In its annual results, AirAsia Berhad has reported its results for the quarter ended 31 December 2014.

The company posted quarterly revenue of RM1.48 billion, a significant growth of 16% from the revenue reported in the same quarter last year. The huge increase in revenue recorded was due to the double digit growth in both average fare and ancillary income per passenger which increased 13% and 31% year-on-year (“y-o-y”) respectively.

This quarter, the number of passengers carried by the Malaysian operations was 5.90 million with a strong load factor of 78%. No aircraft was added into Malaysia during the quarter, hence the total number of aircraft based in Malaysia stood at 81 at the end of 2014.

AirAsia’s yield has improved as we see a more rational competitive landscape in 4Q14, allowing the Company to push fares up. The significant increase in ancillary business contribution to the overall revenue y-o-y also contributes to the significant increase in Revenue per Available Seat Kilometre (“RASK”).

During the quarter under review, AirAsia recorded a 12% increase in operating profit y-o-y to RM226.30 million, proving yet again that the AirAsia Low Cost model is a resilient model that could withstand any given situation, especially the ones faced in 2014. This quarter also saw the Company’s affiliate Thai AirAsia (“TAA”) started to contribute back positively to the Company after two consecutive quarters of losses due to the political situation in Thailand.

LEAVE A REPLY

Please enter your comment!
Please enter your name here