Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

PR Today

Home >> Press Release



Preliminary Operating Statistics

For the 4th Quarter and Full Financial Year Ended 2015


AirAsia X Berhad (“AAX” or “the Company”), the long-haul, low cost airline affiliate of the AirAsia Group is pleased to announce its operating statistics for the 4th quarter 2015 (“4Q15”) and the Full Financial Year ended 31 December 2015 (“FY2015” or “2015”).
 
In line with the Company’s expectations, 4Q15’s operating performance has seen significant improvement across all routes, benefiting from the turnaround initiatives implemented in FY2015.

AAX’s passenger load factor (“PLF”) rose 2 percentage points (“ppts’’) year-on-year (“y-o-y”) to 83% in 4Q15 versus 81% same period last year, despite higher average base fare as compared to 4Q14. This positive achievement was driven by aggressive marketing activities, enhanced Fly-Thru connectivity in FY2015, and the returned traffic after the challenging market conditions in 2014 - 1H2015. However, further improvement was hindered by slower-than-expected recovery of Kathmandu’s operations after the massive Nepal earthquake.   

During the transition year, AAX exercised strategic capacity management in FY2015 by terminating route to Narita, Nagoya, Adelaide, and shifted two routes (Colombo and ChongQing) to A320 operations. The capacity from the route consolidation was strategically deployed to new unique routes such as Sapporo, underserved routes, charters, and wet leasing operations. Consequently, AAX’s capacity (“Available-Seat-KM” or “ASK”) in FY2015 and 4Q15 reduced 8% and 9% y-o-y respectively.
 
As for Thai AirAsia X (“TAAX”), it has recorded a healthy PLF of 83% in 4Q15 during the year-end peak while Indonesia AirAsia X’s (“IAAX”) overall operating performance registered a consistent trend in 4Q15.

The FY2015 has been a challenging year, as the Group was setback by irrational competition from industry peers, currency volatility, regulatory uncertainties for Thailand and Indonesia, as well as a series of unforeseen circumstances. In an effort to turnaround the Group’s performance, a multi-phase turnaround initiative was ironed out during the year. Moving forward into 2016, AirAsia X remains vigilant and continues to explore strategic initiatives to ensure sustainable growth.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                           February 18, 2016 Subsribe Now !
• Myanmar-China bilateral trade hits $9.4 billion in first ten months Subcribe: Asean Affairs Global Magazine

• CapitaLand Q4 net profit falls 39.5% to S$247.7 million
• Brown set to perk up Siem Reap market
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

 • Obama seeks closer cooperation with ASEAN
Vingroup earns $1.5b in 2015
Asean Analysis                   February 18, 2016
• Asean Analysis February 18, 2016
Promoting inclusive economic integration: Skills mobility within ASEAN
Advertise Your Brand

Asean Stock Watch February  17, 2016
• Asean Stock Watch-February 17, 2016
The Biweekly Update
• The Biweekly Update January 25, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com