{"id":2991,"date":"2023-02-22T11:44:49","date_gmt":"2023-02-22T11:44:49","guid":{"rendered":"https:\/\/aviation-news.info\/?p=2991"},"modified":"2023-02-22T11:44:49","modified_gmt":"2023-02-22T11:44:49","slug":"airasia-x-reports-significant-profit-jump-in-q6","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=2991","title":{"rendered":"AirAsia X Reports Significant Profit Jump In Q6"},"content":{"rendered":"<p>AirAsia X released its financial results for the sixth quarter of 2022, ending on December 31st, revealing impressive strides in profitability. It posted its first net profit for three years in the last quarter and has multiplied its revenues significantly since then, riding on the wave of high demand during the peak travel season in December.<\/p>\n<h2 id=\"profit-shoots-up\">Profit shoots up<\/h2>\n<p><a href=\"https:\/\/simpleflying.com\/tag\/airasia-x\/\">AirAsia X<\/a>\u00a0revealed its figures for the quarter ending in December 2022 and recorded a massive improvement in revenue and profit compared to Q5. The airline earned revenue of RM339.29 million ($76.4 million) and a net profit of RM153.5 million ($34.6 million) in Q6.<\/p>\n<p>AirAsia X squeezed in six quarters to its financial year ending December 31st, 2022. Its profit in Q6 is six times more than it made in Q5 when it posted a net profit of RM25.1 million. The sharp jump in revenue was majorly boosted by the year-end peak travel season, and the airline carried a total of 337,638\u00a0<a href=\"https:\/\/simpleflying.com\/tag\/passengers\/\">passengers<\/a>\u00a0in the last quarter.<\/p>\n<div class=\"body-img landscape\">\n<div class=\"responsive-img image-expandable img-article-item\" data-img-url=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/shutterstock_658811620.jpg\" data-img-desc=\"&quot;Photo: Nattanon Tavonthammarit\\\/Shutterstock&quot;\" data-modal-id=\"single-image-modal\" data-modal-container-id=\"single-image-modal-container\" data-img-caption=\"&quot;&quot;\">\n<figure><picture><source srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/shutterstock_658811620.jpg?q=50&amp;fit=crop&amp;w=1500&amp;dpr=1.5\" media=\"(min-width: 1024px)\" sizes=\"1500px\" data-srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/shutterstock_658811620.jpg?q=50&amp;fit=crop&amp;w=1500&amp;dpr=1.5\" \/><source srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/shutterstock_658811620.jpg?q=50&amp;fit=crop&amp;w=943&amp;dpr=1.5\" media=\"(min-width: 768px)\" sizes=\"943px\" data-srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/shutterstock_658811620.jpg?q=50&amp;fit=crop&amp;w=943&amp;dpr=1.5\" \/><source srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/shutterstock_658811620.jpg?q=50&amp;fit=crop&amp;w=767&amp;dpr=1.5\" media=\"(min-width: 481px)\" sizes=\"767px\" data-srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/shutterstock_658811620.jpg?q=50&amp;fit=crop&amp;w=767&amp;dpr=1.5\" \/><source srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/shutterstock_658811620.jpg?q=50&amp;fit=crop&amp;w=480&amp;dpr=1.5\" media=\"(min-width: 0px)\" sizes=\"480px\" data-srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/shutterstock_658811620.jpg?q=50&amp;fit=crop&amp;w=480&amp;dpr=1.5\" \/><img class=\" lazyloaded\" alt=\"AirAsia X plane taking off. \" width=\"4800\" height=\"3200\" data-img-url=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/shutterstock_658811620.jpg\" \/><\/picture><\/figure>\n<\/div>\n<div class=\"img-description\">Photo: Nattanon Tavonthammarit\/Shutterstock<\/div>\n<\/div>\n<p>Demand was so strong that the average Q6 base fare was at a record-high of RM866 ($195). Its Passenger Load Factor (PLF) was a decent 79%, up six percentage points from the previous quarter, and showed an over 97% recovery of the same period in 2019.<\/p>\n<section class=\"emaki-custom-block emaki-custom-tip\">\n<div id=\"custom_block_6\" class=\"emaki-custom tip\">\n<p>Get the latest aviation news straight to your inbox:\u00a0<a href=\"https:\/\/simpleflying.com\/email-newsletters\/\" rel=\"noopener noreferrer\">Sign up for our newsletters today.<\/a><\/p>\n<\/div>\n<\/section>\n<div class=\"ad-odd\"><\/div>\n<h2 id=\"growth-and-outlook\">Growth and outlook<\/h2>\n<p>AirAsia X hopes to continue its growth trajectory in 2023 as pent-up demand for international air travel within the region it serves translates into healthy revenues. For this year, the company expects to relaunch more of its profitable destinations and is hoping to return to China soon.<\/p>\n<p>In February, it resumed services to Busan, South Korea, and added more\u00a0<a href=\"https:\/\/simpleflying.com\/tag\/flights\/\">flights<\/a>\u00a0to the existing routes in its network. AirAsia X has also planned its inaugural flight to Turkey this year.<\/p>\n<div class=\"body-img landscape\">\n<div class=\"responsive-img image-expandable img-article-item\" style=\"box-sizing: inherit; margin: 0px; padding: 0px 0px 499.375px; position: relative; overflow: hidden; cursor: pointer;\" data-img-url=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/airasia_x_airbus_a330-343e_per_koch-1.jpg\" data-img-desc=\"&quot;Photo:&amp;nbsp;&lt;a href=\\&quot;https:\\\/\\\/commons.wikimedia.org\\\/wiki\\\/File:AirAsia_X_Airbus_A330-343E_PER_Koch-1.jpg\\&quot; rel=\\&quot;noopener noreferrer\\&quot; target=\\&quot;_blank\\&quot;&gt;Darren Koch via Wikimedia Commons&lt;\\\/a&gt;&quot;\" data-modal-id=\"single-image-modal\" data-modal-container-id=\"single-image-modal-container\" data-img-caption=\"&quot;&quot;\">\n<figure><picture><source srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/airasia_x_airbus_a330-343e_per_koch-1.jpg?q=50&amp;fit=crop&amp;w=1500&amp;dpr=1.5\" media=\"(min-width: 1024px)\" sizes=\"1500px\" data-srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/airasia_x_airbus_a330-343e_per_koch-1.jpg?q=50&amp;fit=crop&amp;w=1500&amp;dpr=1.5\" \/><source srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/airasia_x_airbus_a330-343e_per_koch-1.jpg?q=50&amp;fit=crop&amp;w=943&amp;dpr=1.5\" media=\"(min-width: 768px)\" sizes=\"943px\" data-srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/airasia_x_airbus_a330-343e_per_koch-1.jpg?q=50&amp;fit=crop&amp;w=943&amp;dpr=1.5\" \/><source srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/airasia_x_airbus_a330-343e_per_koch-1.jpg?q=50&amp;fit=crop&amp;w=767&amp;dpr=1.5\" media=\"(min-width: 481px)\" sizes=\"767px\" data-srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/airasia_x_airbus_a330-343e_per_koch-1.jpg?q=50&amp;fit=crop&amp;w=767&amp;dpr=1.5\" \/><source srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/airasia_x_airbus_a330-343e_per_koch-1.jpg?q=50&amp;fit=crop&amp;w=480&amp;dpr=1.5\" media=\"(min-width: 0px)\" sizes=\"480px\" data-srcset=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/airasia_x_airbus_a330-343e_per_koch-1.jpg?q=50&amp;fit=crop&amp;w=480&amp;dpr=1.5\" \/><img class=\" lazyloaded\" alt=\"AirAsia X Airbus A330\" width=\"1200\" height=\"799\" data-img-url=\"https:\/\/static1.simpleflyingimages.com\/wordpress\/wp-content\/uploads\/2023\/02\/airasia_x_airbus_a330-343e_per_koch-1.jpg\" \/><\/picture><\/figure>\n<\/div>\n<div class=\"img-description\">Photo:\u00a0\u00a0<a href=\"https:\/\/commons.wikimedia.org\/wiki\/File:AirAsia_X_Airbus_A330-343E_PER_Koch-1.jpg\" target=\"_blank\" rel=\"noopener noreferrer\">Darren Koch via Wikimedia Commons<\/a><\/div>\n<\/div>\n<p>AirAsia X CEO Benyamin Ismail shared his vision for the months ahead and is optimistic that fares will sustain amid rise in passenger demand. He said,<\/p>\n<blockquote><p><em>\u201cThe Company is optimistic of the upward fare trend in the near term as demand for international air travel remains high. While we expect this to somewhat rationalise, we do not foresee the fare trend dropping beyond pre-pandemic levels.\u201d<\/em><\/p><\/blockquote>\n<section class=\"emaki-custom-block emaki-custom-tip\">\n<div id=\"custom_block_13\" class=\"emaki-custom tip\">\n<p>Find more\u00a0<a href=\"https:\/\/simpleflying.com\/category\/asia\/\" target=\"_blank\" rel=\"noopener\">news about Asian aviation<\/a>\u00a0here.<\/p>\n<\/div>\n<\/section>\n<p>He also added that to meet the ever-thriving demand for flights, they are ensuring that aircraft within the Company&#8217;s fleet will be operational within the stipulated timeline, with all safety requirements met.<\/p>\n<p>The airline&#8217;s management is currently in varying degrees of engagement with third-party aircraft lessors for the induction of additional aircraft within its fleet. By the year 2024, AirAsia X could have a total of 17\u00a0<a href=\"https:\/\/simpleflying.com\/tag\/airbus-a330\/\">Airbus A330s<\/a>\u00a0in its fleet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AirAsia X released its financial results for the sixth quarter of 2022, ending on December 31st, revealing impressive strides in profitability. It posted its first net profit for three years in the last quarter and has multiplied its revenues significantly since then, riding on the wave of high demand during the peak travel season in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[96,102],"tags":[],"class_list":["post-2991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation-world","category-featured-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AirAsia X Reports Significant Profit Jump In Q6 - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=2991\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AirAsia X Reports Significant Profit Jump In Q6\" \/>\n<meta property=\"og:description\" content=\"AirAsia X released its financial results for the sixth quarter of 2022, ending on December 31st, revealing impressive strides in profitability. It posted its first net profit for three years in the last quarter and has multiplied its revenues significantly since then, riding on the wave of high demand during the peak travel season in &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aviation-news.info\/?p=2991\" \/>\n<meta property=\"og:site_name\" content=\"aviation news\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=100088552298353\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-22T11:44:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aviationnews-international.com\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-22-144614.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1420\" \/>\n\t<meta property=\"og:image:height\" content=\"635\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"adminnews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@aviationne428\" \/>\n<meta name=\"twitter:site\" content=\"@aviationne428\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"adminnews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=2991#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=2991\"},\"author\":{\"name\":\"adminnews\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#\\\/schema\\\/person\\\/02e91cef3ca1560c153b683711401bd3\"},\"headline\":\"AirAsia X Reports Significant Profit Jump In Q6\",\"datePublished\":\"2023-02-22T11:44:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=2991\"},\"wordCount\":461,\"publisher\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=2991#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/aviation-news.info\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Screenshot-2023-02-22-144614.png\",\"articleSection\":[\"Aviation world\",\"Featured\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/aviation-news.info\\\/?p=2991\",\"url\":\"https:\\\/\\\/aviation-news.info\\\/?p=2991\",\"name\":\"AirAsia X Reports Significant Profit Jump In Q6 - 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