KUALA LUMPUR, Nov 19 — AirAsia X Bhd posted a pre-tax loss of RM18.945 million for the third quarter ended Sept 30, 2013 in contrast to a pre-tax profit of RM49.029 million previously.
Revenue, however, rose to RM601.491 million from RM486.554 million previously, the company said in a filing to Bursa Malaysia today.
For the nine months ended September 30, 2013, the airline also recorded a pre-tax loss of RM42.59 million, against a pre-tax profit of RM13.07 million previously.
Meanwhile, revenue expanded to RM1.628 billion from RM1.428 billion previously.
Revenue per available seat-kilometre has improved by 7.3 per cent to 12.38 sen as a result of the route network consolidation exercise undertaken, said AirAsia X.
It said as a result of the strengthening of the US dollar against the ringgit during the quarter, the company recognised unrealised foreign exchange losses on borrowings of RM24 million.
Operating expenses increased by 10.4 per cent to RM1.575 billion, mainly due to increased staff costs, aircraft fuel expenses, maintenance, overhaul, user charges and other operating expenses, as well as other related expenses.
On prospects, the company said its positioning within the Asia Pacific region is forecast to be robust and allows it to benefit from this growth and continue to be a large and attractive feeder market for its long-haul routes.
“Barring any unforeseen circumstances, including but not limited to terrorist attacks, natural disasters, epidemics, economic downturn, fuel price hike and fluctuation in foreign currencies against the ringgit, the company expects its prospects to remain positive,” it said. — Bernama
