January 18, 2017 2:11 AM ET

Airlines

Company Overview of AirAsia X Berhad

Company Overview

AirAsia X Berhad provides long-haul air transportation services in North Asia, Australia, the Middle East, and West Asia. The company also offers management logistical and marketing services; and engine and aircraft leasing services. It operates through a fleet of 29 A330-300 aircrafts. The company was formerly known as Fly Asian Xpress Sdn Bhd and changed its name to AirAsia X Berhad in September 2007. The company was incorporated in 2006 and is based in Sepang, Malaysia. AirAsia X Berhad is a subsidiary of Aero Ventures Sdn Bhd.

Jalan KLIA S3

Mezzanine Floor, LCCT

Southern Support Zone

KLIA

Sepang,  64000

Malaysia

Founded in 2006

Key Executives for AirAsia X Berhad

AirAsia X Berhad does not have any Key Executives recorded.

AirAsia X Berhad Key Developments

AirAsia X Bhd to Add More Flights to Teheran from Kuala Lumpur

AirAsia X Bhd is adding more flights to Teheran from Kuala Lumpur six months after resuming its flight to the capital of Iran. The improved connectivity's timing will also benefit from Malaysia's plan to boost bilateral trade and investment ties with Iran. The company will raise frequency starting February 2017 onwards with four times weekly direct flights to Teheran from Kuala Lumpur.

Airasia X Berhad Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2016

AirAsia X Berhad reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net profit of MYR 11,025,000 or 0.3 sen per basic and diluted share against loss of MYR 288,193,000 or 9.7 sen per basic and diluted share in the comparable period a year ago. Revenue rose 982,402,000 against MYR 793,013,000 a year ago. Operating profit was MYR 50,772,000 against operating loss of MYR 31,122,000 a year ago. Net operating profit was MYR 44,047,000 against net operating loss of MYR 44,209,000 a year ago. Profit before taxation was MYR 12,008,000 against loss before taxation MYR 291,419,000 a year ago. EBITDAR was MYR 300,997,000 against MYR 188,456,000 a year ago. For the six months, the company reported net profit of MYR 191,533,000 or 4.6 sen per basic and diluted share against loss of MYR 547,048,000 or 18.5 sen per basic and diluted share in the comparable period a year ago. Revenue rose 2,836,239,000 against MYR 2,221,415,000 a year ago. Operating profit was MYR 175,921,000 against operating loss of MYR 125,112,000 a year ago. Net operating profit was MYR 150,247,000 against net operating loss of MYR 176,831,000 a year ago. Profit before taxation was MYR 221,295,000 against loss before taxation of MYR 571,082,000 a year ago. Net cash generated from operating activities was MYR 203,397,000 against net cash used in operating activities of MYR 385,287,000 a year ago. Additions to property, plant and equipment was MYR 1,556,000 against MYR 11,029,000 a year ago. EBITDAR was MYR 902,855,000 against MYR 487,025,000 a year ago. For the quarter, the company reported seat capacity of 1,560,780 against 1,209,416 a year ago. Load factor was 78% against 75% a year ago. RPK was 6,034 million against 4,333 million a year ago. ASK was 7,749 million against 5,770 million a year ago. Revenue per ASK was MYR 12.70 against MYR 13.78 a year ago.

AirAsia X Bhd Announces Operating Results for the Third Quarter of 2016

AirAsia X Bhd announced operating results for the third quarter of 2016. The company has recorded a 35% year-on-year growth in the number of passengers to 1.22 million for the third quarter of 2016. The double-digit growth in passengers carried was partly attributed to the strong demand for travel from North Asia and among Malaysians during the double Eid celebrations in July and September, as well as, Malaysia Day long weekend.

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