AirAsia X posts Q1 2019 results

AirAsia X has reported a net profit of MYR43.3 million ($10.3 million) in its first quarter 2019 results, up by 4% from the MYR41.5 million achieved in the corresponding period last year. The group posted that its revenue declined 8.1% to MYR1.17 billion during the first three months of 2019 as it carried less passengers and cut four routes – meaning expenses fell 7.6% to MYR1.12 billion. The Cost per Available Seat-Kilometre including fuel was down 3% to MYR0.13, while excluding fuel it stood at MYR0.82. Attributable net profit rose 4.2% to MYR44.3 million, as an MYR89 million gain in