Wednesday, August 28, 2024 AirAsia X Berhad (“AirAsia X”) demonstrated continued strength in its financial outcomes for the second quarter of 2024, concluding on June 30, 2024. The company achieved a revenue of RM669.1 million during this period, marking a 30% increase compared to the previous year, driven by persistent market demand and an expansion of its fleet to 16 operational aircraft.
During the quarter, AirAsia X reported an EBITDA of RM58.4 million and a net profit of RM4.8 million, notable achievements given the quarter’s historical trend as the weakest.
Passenger numbers soared by 42% year-over-year to over 880,000, outpacing a 30% increase in seat capacity. This surge was supported by peak travel times in major markets and the Eid holiday, with the Passenger Load Factor (PLF) reaching 83%, a seven-point rise from the previous year, and nearing 90% on routes to high-demand destinations such as China, India, and Japan. The company also saw a significant 48% year-over-year increase in ancillary revenue, which reached RM218.
2 million. This growth was fueled by a 5% rise in ancillary revenue per passenger to RM248, thanks to enhanced product offerings and better customer data utilization, including targeted personalization and booking processes, as well as updated inflight food and beverage options through SANTAN. On the network front, AirAsia X strengthened its market presence by resuming flights to Xi’an in April, expanding its network within this key market t.