AirAsia X Berhad reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was MYR 795.03 million compared to MYR 648.36 million a year ago. Net income was MYR 121.64 million compared to MYR 5.56 million a year ago. Basic earnings per share from continuing operations was MYR 0.272 compared to MYR 0.012 a year ago. Diluted earnings per share from continuing operations was MYR 0.272 compared to MYR 0.012 a year ago.
For the nine months, sales was MYR 2,373.09 million compared to MYR 1,710.11 million a year ago. Net income was MYR 206.58 million compared to MYR 339.1 million a year ago. Basic earnings per share from continuing operations was MYR 0.462 compared to MYR 0.758 a year ago. Diluted earnings per share from continuing operations was MYR 0.462 compared to MYR 0.758 a year ago.
AirAsia X Berhad is a mid-range airline operating primarily in the Asia-Pacific region. The Company is principally engaged in providing long haul air transportation services. Its segments include Malaysia and Thailand. The Company provides scheduled flights, charter flights, freight services and ancillary services. In scheduled flights, the tickets bought are valid over a period of 30 - 60 days and refunds for airport tax is claimable up to six months period of travel date. The charter flights are provided upon full upfront payment before the flight. The Company also provides freight services and ancillary services, such as baggage service, assigned seats, cancellations and on-board sale of meals and merchandise. Its subsidiary, AirAsia X Services Pty Ltd is engaged in the provision of management logistical and marketing services. The Company's other subsidiaries include AAX Mauritius One Limited, AAX Leasing One Ltd, AAX Leasing Two Ltd, AAX Leasing Five Ltd and AAX Leasing Eight Ltd.
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Investor
Investor
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Global
Global
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