BERNAMA – AirAsia X Bhd’s (AAX) net profit fell slipped to MYR80.11 million in the first quarter ended March 31, 2024 (1Q 2024) from MYR327.99 million in the same quarter last year.
Revenue however increased by 66 per cent to MYR908.91 million against MYR548.84 million previously, primarily generated from more ticket sales and ancillary revenue, said the low-cost airline in a filing with Bursa Malaysia yesterday.
In a separate statement, AAX said it posted a solid passenger load factor (PLF) of 83 per cent, up three percentage points year-on-year (y-o-y), with best-performing routes in China, India and Japan recording over 90 per cent PLF. Available seat kilometres increased by 74 per cent y-o-y in line with solid market demand.
On network, driven by the commitment to accelerate and regain market leadership and following the extension of the visa-exemption policy to China until 2025, the low-cost airline increased flight frequencies to its popular routes in the country, namely…
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