AirAsia X Berhad reported its unaudited financial results for the first quarter ended 31 March 2025, reporting a revenue of RM940.1 million in 1Q25, increasing by 3% year-on-year from RM908.9 million in 1Q24 driven by a 12% growth in capacity to 1.29 million seats.
In line with capacity expansion, AirAsia X achieved a 12% YoY increase in passenger traffic in 1Q25, carrying 1.08 million passengers. This was driven by sustained demand across core markets and efficient capacity deployment, resulting in a robust Passenger Load Factor (“PLF”) of 83%.
This quarter, average base fare stood at RM550, aligning with the Company’s load-active, yield-passive strategy. Ancillary revenue remained a key margin driver in 1Q25, with ancillary revenue per passenger rising 10% YoY to RM277. This uplift, combined with a higher passenger base, drove a 24% YoY increase in total ancillary revenue to RM298.3 million. The growth reflects improved takeup rates, supported by enhanced digital personalisation and targeted product offerings that successfully maximised per-passenger spend.
The Company posted a net profit of RM50.2 million, representing a 5% margin even as its cost base expanded parallel to operational growth. However the net profit was much lower compared to RM80 million registered in the preceding year’s quarter.
Cost per ASK (“CASK”) edged up marginally to 13.97 sen driven by slightly higher staffing with additional aircraft in operation and airport-related expenses. These were partially mitigated by a lower jet fuel price YoY and a reduction in aircraft lease expenses as most aircraft exited pay-by-hour arrangements since 1Q24.
