AirAsia X posts strong Q1 with net profit of RM328 million

AirAsia X posted a net profit of RM328 million in Q1 of 2023 and returned shareholder equity to the positive side of the ledger. In the Q1 of 2023, AAX generated revenue of RM548.8 million around 50% of what it earned in 1Q 2019. Although it is still under the Practice Note 17 classification, AAX pointed out that shareholder equity turned from a negative RM285.2 million in the previous quarter to a positive RM40.8 million in 1Q23. AirAsia X Thailand (TAAX) posted revenue of RM356.8 million and made a net profit of RM92 million During 1Q 23 the airline recorded 329,913