AirAsia X Posts Pre-Tax Loss Of RM605.18 Million For 2014 - Aviation
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AirAsia X Posts Pre-Tax Loss Of RM605.18 Million For 2014

February 24, 2015 23:14 PM E-mail this news to a friend Printable version of this news

KUALA LUMPUR, Feb 24 (Bernama) -- AirAsia X Bhd recorded a higher pre-tax loss of RM605.18 million for the financial year ended Dec 31, 2014, compared with a pre-tax loss of RM212.06 million recorded in 2013.

In a filing to Bursa Malaysia today, AirAsia X attributed the pre-tax loss to higher operating expenses of RM3.32 billion for 2014, up 33.9 per cent year-on-year.

Revenue, however, rose to RM2.94 billion, for the period under review, from RM2.31 billion registered previously.

"The stronger revenue was due to higher contribution of scheduled flights which includes fuel surcharges, that increased 10.4 per cent on the back of increase in available seat kilometre capacity.

"Among the contributors to the loss were increase in staff costs by 33.9 per cent to RM312.7 million; property depreciation, plant and equipment increase by 53.4 per cent to RM185 million and aircraft fuel expenses which rose 38 per cent to RM1.52 billion," it said.

AirAsia X Group Chief Executive Officer Datuk Kamarudin Meranun said due to aviation incidents in 2014, sales performance in Australia and China were affected.




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