AirAsia X posted a full-year-2018 operating loss of RM218.8 million ($50 million) on 21 February 2019.
For the full year 2018, AirAsia X revenue remained fairly flat at RM4.54 billion. Net operating loss (“NOL”) of RM218.8 million was recorded in 2018 against profits of RM84.6 million in 2017.
During the Q4 2018, the Company recorded a revenue of RM1,148.1 million, down by 6% year-on-year (“YoY”) as compared to RM1,220.5 million in the same period last year, attributed by increase in average fuel price from USD69 per barrel in 4Q17 to USD89 per barrel in 4Q18.
Thailand AirAsia X. Although 4Q18 recorded a NOL of USD8.3 million, results for the full year 2018 saw an encouraging NOP of USD12.0 million. Airline said to add 5 A330 aircraft to Thai AirAsia X fleet.
Indonesia AirAsia X recorded an operating loss of MYR80.9 million in 2018, and its loss before tax swelled 59% to MYR73.1 million
“Two strong airlines Thailand and Malaysia. Thailand has huge potential . Losses from Indoensia ended . Stand by what I said earlier that this will be best year for Airasia. Profits willl grow from here. Especially with new platform business which will grow ancillary.” says AirAsia boss Tony Fernandez