AirAsia X Q3 net profit falls 46%

Dino D'Amore
By Dino D'Amore November 20, 2013 10:31

AirAsia X Q3 net profit falls 46%

AirAsia X has posted a 46% fall in its net profit to M$26.4 million ($8.32 million) for its third quarter ended 30 September. Revenue rose during the period however by 24% growth in revenue to M$601 million.

The reason given was that the airline failed to recoup the RM26mil loss from Q2 caused by lower-than-expected yields. Since its nine-month core earnings of RM22.8mil were only 24% of its full-year estimate.

Underlying passenger yield has fallen 3.3% on-year but AirAsia X managed to stave off greater losses by a 5% lift in ancillary yield.

Dino D'Amore
By Dino D'Amore November 20, 2013 10:31
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