AirAsia should be emulated by companies in Malaysia. It never stops findings ways to increase revenue from any possible means. These numbers should be good for its shareholders. Most importantly, it has help bring more tourists to Malaysia.
Bravo Fernandes! I think it won't be long before he's conferred the 'Tan Sri' title.Amplify’d from biz.thestar.com.my
AirAsia revenue breaches RM1bil mark
KUALA LUMPUR: AirAsia Bhd's net profit jumped more than eight-fold to RM316.5mil in the fourth quarter ended Dec 31, 2010 against RM33.9mil previously while its full-year earnings hit the RM1bil mark driven by higher passenger numbers and stronger yields.
Revenue for the quarter rose 33% to RM1.18bil from RM894mil a year ago while earnings per share jumped to 11.50 sen versus 1.50 previously.
The budget carrier's core operating profit for the period was RM332.8mil, a 147% increase over RM134.7mil posted a year ago.
Its earnings before interest, tax, depreciation and amortisation margin improved to 49.3% from 43.3% previously.
He said AirAsia would continue its focus on lowering costs, improving returns and expanding its network.
The revenue growth was supported by 13% growth in passenger volumes and average fare that was 5% higher at RM177 as compared to RM168 achieved in 2009. Meanwhile, its seat load factor was three percentage points higher at 78% compared to 75% in 2009.
He said the increased contribution from ancillary income to the company's bottom line matched its passenger growth. “Ancillary has been a tremendous revenue stream for us. It's up in all three of our operations: Malaysia RM49 per pax; Thai AirAsia at 369 bahts per pax and Indonesian AirAsia at 155,089 rupiah per pax.”
He said every RM1 per pax spent provides about US$1 per barrel of buffer.
Meanwhile, AirAsia is also planning initial public offerings (IPOs) for its Indonesian and Thai affiliates in both countries.
YURAN PERAMAH
14 years ago
No comments:
Post a Comment