AirAsia pre-tax profit more than doubles



KUALA LUMPUR: AirAsia Bhd's pre-tax distinction for a third entertain (Q3) finished Sept 30, 2012, some-more than doubled to RM259.1 million from RM108.49 million in a same duration final year, overdue to expansion in newcomer volume as well as capacity.

Revenue rose 14 per cent to RM1.23 billion from RM1.08 billion as newcomer volume grew 9 per cent to 4.75 million as well as genius expanded as a number of aircraft operating in Malaysia increased to 59.

"Despite a 10 per cent increase in capacity, direct in conditions of chair load factor remained solid at 77 per cent for a quarter," chief senior manager officer Aireen Omar pronounced in a statement today.

For a nine-month period, a airline's pre-tax distinction tripled to RM1.69 billion from RM456.4 million in a same duration final year.

Revenue for a duration rose to RM3.58 billion from RM3.21 billion previously.

Aireen pronounced a company's money position remained clever with RM2.2 billion in money as well as bank balances as well as net gearing was serve marked down to 1.03 times in a current entertain from 1.10 times in a previous quarter.

On regional development, a airline's affiliate, Thai AirAsia as well as Indonesia AirAsia additionally recorded double-digit revenue growth, attributed to higher newcomer volume.

Thai AirAsia's revenue in Q3 grew 17 per cent to 4.43 billion Thai baht (RM441.88 million) from a same duration final year whilst newcomer volume rose 22 per cent.

Indonesia AirAsia's revenue for Q3 was up twelve per cent to 1.2 trillion Indonesia rupiah from same duration final year with newcomer volume rising by eight per cent.

On outlook, Aireen is assured that AirAsia will go upon to
deliver clever opening in conditions of operations as well as financial formula in a fourth quarter.

&q! uot;The fourth entertain is predominantly a strongest quarter. We will go upon to launch some-more routes as well as supplement some-more frequencies to cater to a tall demand," she said.

She pronounced that AirAsia will embrace 6 some-more aircraft by year-end from European aircraft maker Airbus that will be distributed among a five entities -- Air Asia, AirAsia Thai, AirAsia Indonesia, Philippines' AirAsia as well as AirAsia Japan -- to support their growth.

The airline is additionally scheduled to embrace its initial A320 aircraft with sharklets that will assistance to reduce price serve as it is about 3 per cent some-more fuel efficient than a current model.

Group chief senior manager officer Tan Sri Dr Tony Fernandes pronounced a association will go upon to concentration upon 3 core markets -- Malaysia, Thailand as well as Indonesia -- in a near tenure as well as believed there is potential expansion for Philippines' AirAsia as well as AirAsia Japan.

To cope with a increasing demand, he pronounced AirAsia is expected to perceived 266 new aircraft until 2026, adding to a existent 112 aircraft.

"The airline is additionally in discussions to purchase an one more 100 aircraft to support a fast expansion of AirAsia in Asia," he said. -- BERNAMA
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