SEPANG, MALAYSIA – AirAsia X Berhad announced its financial results for the Fourth Quarter of 2023 (“4Q23”) and the Full Financial Year of 2023 (“FY23”) ended 31 December 2023.
The company posted revenue of RM818.2 million in 4Q23, over 2.4 times higher year-on-year (“YoY”) as the best performance achieved post-pandemic. This reflects an 80% recovery against the same quarter in 2019, with only over 50% of the capacity available in the prior corresponding period. The Company carried a total of 890,289 passengers in 4Q23, over 2.6 times higher YoY, tracking the YoY surge of 2.8 times in Available Seat Kilometre (“ASK”) Capacity to 4,770 million as more of its aircraft were activated and more routes launched. Boosted by the year-end peak travel season, the Company registered a healthy Passenger Load Factor (“PLF”) of 82%, up by three percentage points YoY and surpassing the 2019 level of 81%. In 4Q23, the Company posted a net profit of RM27.4 million.
During the…
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