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MANAGEMENT DISCUSSION & ANALYSIS
AIRASIA MALAYSIA
(RM BILLION)
AIRASIA PHILIPPINES
(PHP BILLION)
AIRASIA THAILAND
( T HB BILLION)
AIRASIA INDIA
(INR BILLION)
AIRASIA INDONESIA
(IDR BILLION)
2017
2017
2017
2017
2017
6.44
15.93
35.93
15.36
3,818
5.95
10.80
32.40
8.26
3,889
2016
2016
2016
2016
2016
8
%
INCREASE
48
%
INCREASE
11
%
INCREASE
86
%
INCREASE
2
%
DECREASE
PERFORMANCE OF ASSOCIATE COMPANIES (REVENUE)
PERFORMANCE OF COUNTRY
OPERATIONS
AirAsia Malaysia
With seven new aircraft, AirAsia Malaysia
continued to grow its route network both
domestically and regionally to further
entrench its position as the leading airline
in the country, contributing to the Group’s
54.3% and 30.8% share of the domestic
and international markets respectively.
Its 8% increase in capacity also saw the
airline fly 10% more guests totalling 29.2
million. Strong performance, as indicated
by an 89% load factor; aircraft utilisation
of 14 hours a day; and 2% increase in
revenue per guest, led to AirAsia Malaysia
achieving a 2% increase in RASK to 14.49
sen. For the full year, its revenue grew 8%
to RM6.44 billion while net operating profit
was recorded at RM1.51 billion.
AirAsia Thailand
Despite the government’s crackdown on
zero-dollar tours from China and mourning
over the passing of their King, AirAsia
Thailand pulled together a robust set of
results. While increasing its capacity by
11%, it flew 15% more guests year-on-year
totalling 19.80 million and grew its load
factor three percentage points to 87%. This
contributed to an 11% surge in revenue
from THB32.40 billion to THB35.93 billion.
Although CASK – including fuel and a
hike in excise tax on jet fuel consumption
for domestic flights – increased by 7% to
THB1.52, its RASK grew 2% to THB1.61,
enabling our associate to record a profit
after tax of THB2.69 billion, making it the
only profitable airline in the country for
the year. Meanwhile, its EBIT and EBITDAR
margins stood at 9% and 27%, respectively.
[ ]
AirAsia Group Berhad
PERSPECTIVE
92