March 04, 2015 4:48 AM ET

Airlines

Company Overview of AirAsia X Berhad

Company Overview

AirAsia X Berhad provides long haul air transportation services in the Asia Pacific region and the Middle East. The company also offers management logistical and marketing, and engine leasing services. It operates a fleet of 19 A330-300 aircraft for scheduled services, as well as 2 A340-300 aircraft and 1 A330-200 for non-scheduled charters and leases. The company was formerly known as Fly Asian Xpress Sdn Bhd and changed its name to AirAsia X Berhad in September 2007. AirAsia X Berhad was incorporated in 2006 and is headquartered in Sepang, Malaysia.

Jalan KLIA S7

Lot PT16

Southern Support Zone

KLIA

Sepang,  64000

Malaysia

Founded in 2006

Phone:

60 3 8660 4600

Fax:

60 3 8660 4777

Key Executives for AirAsia X Berhad

AirAsia X Berhad does not have any Key Executives recorded.

AirAsia X Berhad Key Developments

AirAsia X Berhad Announces Management Changes

AirAsia X Berhad announced the resignation of its chief financial officer (CFO) Chew Eng Loke on February 25, 2015. The company said Chew, 46, was leaving the company to "pursue other opportunities". The company said it had appointed Cheok Huei Shian as the new CFO with immediate effect.

AirAsia X Berhad Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended December 31, 2014

AirAsia X Berhad announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of MYR 819,270,000, operating profit of MYR 89,657,000, loss before taxation of MYR 200,231,000, loss attributable to ordinary equity holders of the parent of MYR 168,429,000 or MYR 7.1 per basic share, compared to the revenue of MYR 679,586,000, operating loss of MYR 39,552,000, loss before taxation of MYR 169,471,000, loss attributable to ordinary equity holders of the parent of MYR 132,603,000 or MYR 10.1 per basic share, for the same quarter a year ago. For the year, the company reported revenue of MYR 2,939,125,000, operating loss of MYR 218,818,000, loss before taxation of MYR 605,183,000, loss attributable to ordinary equity holders of the parent of MYR 519,346,000 or MYR 21.9 per basic share, compared to the revenue of MYR 2,308,350,000, operating loss of MYR 31,381,000, loss before taxation of MYR 212,060,000, loss attributable to ordinary equity holders of the parent of MYR 88,267,000 or MYR 6.7 per basic share, for the same quarter a year ago. Net cash used in operating activities was MYR 18,247,000 against net cash generated from operating activities MYR 189,489,000 a year ago. Property, plant and equipment- additions were MYR 420,073,000 against MYR 1,069,949,000 a year ago.

AirAsia X Berhad Reports Operating Results for the Fourth Quarter of 2014

AirAsia X Berhad reported operating results for the fourth quarter of 2014. For the quarter, the company's passenger traffic grew 9% against an 8% increase in ASK capacity. Consequently, load factor improved by 0.5% to 81.4%.

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