AirAsia Group reports Q4 and 2018 results

AirAsia Group Berhad has posted fourth quarter 2018 revenue of RM2.8bn, up 6% over the prior year period. The reason for the 21% capacity addition was to capture more market share and to secure airport slots that the Group wanted, which resulted in a short term pain as fares were down by 6% to RM171, in order to set the Group up for a strong start in 2019. The large increase in capacity had a huge impact on yield and did not contribute to recovering the cost of fuel at US$92 bbl, which translated to RM254 million in additional fuel