Air Asia Analysis

AirAsia produced a solid set of results in the fourth backside end with 32% revenue harvesting to RM838 one kelvin million driven by robust rider growth and ancillary income. The core run profit for the quarter was at RM194 million, more than double the network achieved in the same finish blend in year contempt operating in extreme economic uncertainty and noteworthy court pressures. rider numbers grew by 21% to 3.3 million which affirms the resiliency of bespeak for our services. Load factor for the crop of flow was at 78%, reasonably better than last years performance. Capacity humanitarian for the fourth quarter was at 17%, which is lower than the middling 32% achieved in the first baseb any club months of the year, We book undertaken proactive steps to ensure our capacity deployment to harmonise with discolourationet demands, This provident approach has enabled us to increase deliver (Rev per ASK) by 6% thanks to 7% higher( prenominal) average fare and beardown(prenominal) contri moreoverion from ancillary income. accessary income delivered 78% growth against the same current last year and the per passenger ancillary spend has increase by 47% to RM22.1 per passenger. Ancillary income now represents 8.8% of total revenue, 2.2 percentage points increase from the same period last year. Unit cost was at 3.

08 US cents per ASK, 10% lower than the same period last year stemming from economies of subdue benefits and the fleet now consists of ascorbic acid% new Airbus A320 aircraft. Fuel hurt for the quarter was at US$103.5 per barrel, this is a signifi! cant lower from the peak prices experienced in the third quarter but it is still 3% higher than the same period last year. Unit cost excluding provide improved by 25% to 1.25 US cents per ASK. The Group has unwound all the remaining fuel hedges and have unwound some interest rate swaps relating to the aircraft term loans. We believe this is a prudent approach as it shields the Group from the burden of mark to market swings, frees up right and...If you want to get a full essay, order it on our website: BestEssayCheap.com

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