AirAsia X posts fourth consecutive quarterly profit

AirAsia X Berhad posted its fourth consecutive net profit of RM5.5 million in the second quarter (Q2) of 2023, ending June 30 from a net loss of RM652.5 million compared to the same period last year. The company posted a registered revenue of RM512.9 million, over four times higher year-on-year (Y-O-Y) driven by the recovery of the company’s scheduled flights operations as more aircraft were brought back to service. As of quarter ending June, the company activated 11 aircraft compared to the five during the same time last year. “Overall, the turnover this quarter evidently marks a notable recovery rate