AirAsia X Berhad reported its unaudited financial results for the second quarter ended 30 June 2025, recording a turnover of RM660.8 million in 2Q25, marginally lower year-on-year as capacity rose by 6% YoY to 1.12 million seats in a softer fare environment due to low season.
Passenger traffic grew 6% YoY to 935,105 passengers, maintaining a sound Passenger Load Factor of 83%, unchanged YoY despite the increased capacity.
This quarter, average base fare declined to RM405, impacted by historical seasonality and cautious travel sentiments following the concerns on earthquakes in Japan. In managing seasonality, the Company had also augmented its load-active, yield-passive strategy, leveraging on the advantageous fuel price environment. Ancillary revenue bolstered the Company’s performance with revenue per passenger up by 4% YoY to RM257 and total ancillary revenue rising by 10% YoY, driven by higher passenger volumes and enhanced product offerings particularly in the duty free and merchandise segments.
Net profit rose sharply to RM35.22 million against last year’s RM4.82 million, boosted by favourable net foreign exchange gains. In 2Q25, the Company’s net operating profit improved 26% YoY to RM1.38 million supported by lower fuel prices. The Company’s cost per available-seat-kilometres (“ASK”) (“CASK”) reduced by 13% YoY to 12.05 sen while CASK ex-fuel stood at 6.38 sen, up by 9% YoY reflecting operational ramp-up and higher maintenance expenses over the last 12 months.
In terms of capacity and network, the Company’s ASK grew by 10% YoY to 4,851 millions as AirAsia X continued to observe strong PLF of beyond 85% from its East Asian routes in Japan, China and South Korea driven by the peak spring travel season during the quarter.
AirAsia X Thailand, the Company’s associate, posted a revenue of RM372.82 million and an operating loss of RM13.2 million in 2Q25. Passenger traffic during the quarter declined by 12% YoY to 318,257 passengers as seat capacity reduced by 5% YoY to 407,360 seats. TAAX’s PLF stood at 78% this quarter as performance was pressured by softened travel demand to Thailand overall following the earthquake incident in Bangkok and related security concerns.
Average fare was firm at RM690 during the quarter under review, and TAAX posted a net profit of RM10.58 million, buoyed by net foreign exchange gains.
