March 23, 2017 10:01 AM ET

Airlines

Company Overview of PT Indonesia Airasia

Company Overview

PT Indonesia Airasia offers air transportation services. The company is based in Indonesia. PT Indonesia Airasia operates as a subsidiary of AirAsia Bhd.

,  

Indonesia

Founded in 2007

Phone:

62 215 050 5088

Key Executives for PT Indonesia Airasia

President Director and Chief Executive Officer
Compensation as of Fiscal Year 2016.

PT Indonesia Airasia Key Developments

Indonesia AirAsia Reports Earnings and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2016

Indonesia AirAsia reported earnings and operating results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue of IDR 972.0 billion, 11% lower as compared to the IDR 1,091.5 billion achieved in fourth quarter 2015. The drop in revenue is mainly attributable to the reduction in fleet size operated by Indonesia AirAsia as capacity reduced 16% as compared to fourth quarter 2015. The company recorded an operating profit of IDR 90.6 billion, compared to an operating profit of IDR 157.7 billion in fourth quarter 2015. The company recorded a net loss of IDR 233.0 billion in fourth quarter 2016 as compared to a net loss of IDR 145.7 billion in fourth quarter 2015. Net operating profit was IDR 57.517 million against IDR 217.445 million a year ago. EBITDAR was IDR 256.850 million against IDR 355.166 million a year ago. For 2016, the company reported revenue of IDR 3,853.6 billion, 23% lower as compared to the IDR 5,033.9 billion achieved in fiscal year 2015. The drop in revenue is mainly attributable to the reduction in fleet size operated by Indonesia AirAsia as capacity reduced 32% as compared to fiscal year 2015. The company recorded an operating profit of IDR 183.0 billion, compared to an operating loss of IDR 728.0 billion in fiscal year 2015. The company recorded a net profit of IDR 212.2 billion as compared to a net loss of IDR 1,512.5 billion in fiscal year 2015. Net operating profit was IDR 56.394 million against loss of IDR 919.985 million a year ago. EBITDAR was IDR 863.433 million against IDR 523.930 million a year ago. For the quarter, the company reported passengers carried of 1,121,830 compared to 1,284,829 a year ago. Seat load factor was 83% compared to 80% a year ago. Revenue passenger kilometres were 1,605 million against 1,849 million a year ago. Available seat kilometres were 1,941 million against 2,318 million a year ago. For the year, the company reported passengers carried of 4,700,353 compared to 6,097,771 a year ago. Seat load factor was 84% compared to 74% a year ago. Revenue passenger kilometres were 6,721 million against 8,354 million a year ago. Available seat kilometres were 8,083 million against 11,135 million a year ago.

AirAsia Reportedly Weighs Hong Kong RTO To List Associates

AirAsia Berhad (KLSE:AIRASIA) is weighing a reverse takeover (RTO) exercise to fast-track the listing of some associate airlines, with a number of potential targets already identified on the Hong Kong Stock Exchange (HKEX), sources say. According to sources, the RTO path is one option being considered to list PT Indonesia AirAsia (IAA) and AirAsia Inc. (Philippines AirAsia) (PAA). It is understood that bankers have been briefed on the potential plan, though a final decision had not been made at the time of writing. If the plan is pursued, IAA and PAA may be injected into a HKEX-listed entity following the RTO exercise. However, people familiar with the matter say a possible RTO in Indonesiaâ??s stock exchange to list IAA had not been completely dismissed either. It is understood that ideally, the group wants both affiliates listed by mid-2017. When contacted by The Edge, AirAsia co-founder Tan Sri Tony Fernandes declined to comment.

AirAsia Indonesia Mulls Backdoor Listing On IDX

PT Indonesia Airasia is weighing a backdoor listing as an alternative to an initial public offering at Indonesia Stock Exchange to raise capital from the stock market in 2017. "We are exploring all options available to us," Dendy Kurniawan, the President Director at AirAsia Indonesia, over the weekend.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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