Home Business AirAsia X Trims Pre-tax Loss To RM58.4 Million In Q2

AirAsia X Trims Pre-tax Loss To RM58.4 Million In Q2

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KUALA LUMPUR, Aug 21- AirAsia X Bhd reported a lower pre-tax loss of RM58.41 million for its second quarter (Q2) ended June 30, 2013, compared with a pre-tax loss of RM92.87 million in the same period last year.

airasiaRevenue increased to RM491.13 million for the period reviewed from RM405.20 million previously.

In a filing to Bursa Malaysia, AirAsia X said revenue from passenger seat sales on scheduled flights rose by RM40.6 million, or about 15.8 per cent, to RM298.2 million for the quarter reviewed against RM257.6 million in the same period a year ago.

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The increase was due primarily to a 20.4 per cent rise in total seat capacity for Q2 2013 from the same quarter last year as a result of the increase in the number of aircraft to eleven as at June 30, 2013, from nine as at June 30, 2012.

Revenue from fuel surcharges rose to RM56.6 million in Q2 2013 from RM31.13 million in Q2 2012 due to the increase in number of passengers flown from 581,840 in Q2 2012 to 697,112 in Q2 2013.

On prospects, AirAsia X said the company’s positioning within the Asia-Pacific region, which is forecast to be robust and potentially surpassing North America as the world’s largest aviation market, allowed the airline to benefit from this growth and continued to be a large and attractive feeder market for its long-haul routes.

Barring any unforeseen circumstances, the company expects its prospects to remain positive.

 

– BERNAMA