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AAX profitable, again

AIRASIA X recorded its fourth consecutive quarter profit in its recently released third quarter financial results for the period ending 30 Sep. Revenue grew 24% year-on-year to RM982.4m (AU$298.19m) thanks to a 54% YoY increase in scheduled flight revenue, 50% growth in ancillary income and 34% rise in aircraft operating lease income. During the Q316, passenger carriage increased 35% bringing load factor up 3 percentage points to 78%. Average base fare saw a growth of 14% YoY to RM501 (AU$152), a result of healthy demand largely from ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 25 Nov 16

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