DALLAS — AirAsia X (D7), the long-haul arm of the AirAsia Group, has soared to a profitable start in 2024, with strong financial performance in the first quarter (Q1). This positive momentum is fueled by a combination of timely network expansion, continuous cost efficiency, and a strong rebound in demand for air travel.
The Malaysian low-cost carrier (LCC) reported a net profit of RM80.1 million for Q1 2024, exceeding an 8% profit margin. This profitability is underpinned by a significant 66% year-on-year (YoY) increase in revenue, reaching RM908.9 million.
The surge in revenue is directly linked to a remarkable 90% YoY growth in passengers carried, with the LCC handling 959,623 passengers during the quarter.
Moreover, AirAsia X achieved the lowest Cost per Available Seat Kilometre (CASK) among its peers at 13.93 sen (US¢2.95). This represents an 11% reduction compared to the previous quarter and is primarily attributed to lower operating expenses and a rising ASK capacity, which…
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