Malaysia · Delayed Price · Currency is MYR AirAsia Group Berhad Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong operational performance and resilient demand despite a sharp fuel price spike, with revenue up 2% year-on-year and EBITDA margin at 17%. Margin protection strategies, disciplined capacity cuts, and fare hikes helped offset cost pressures, while liquidity was bolstered by $300 million in new financing.
Fiscal Year 2025
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The group delivered a strong turnaround in 4Q 2025, with MYR 5 billion revenue and robust margins, driven by network synergies and regional rebounds. 2026 guidance targets MYR 25 billion revenue, 5% NOP margin, and full fleet restoration by April, supported by cost discipline and ancillary growth.
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Revenue grew 1% year-on-year to MYR 803.5 million, with net operating profit quadrupling and strong ancillary revenue growth. ASK capacity rose 9%, while passenger load factor held at 82%. Fourth quarter outlook is robust, with network expansion and aircraft upgrades planned.
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Q2 2025 saw net profit rise to MYR 35.22 million, aided by forex gains and lower fuel costs, despite a 1% revenue dip. Load factor stayed strong at 83%, with network expansion and ancillary revenue growth offsetting softness in Japan and China. H2 outlook remains robust.
Fiscal Year 2024
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Revenue for FY 2024 reached MYR 3.2 billion, driven by passenger and ancillary growth, with net profit at MYR 229.1 million. Load factor remained strong at 83%, and cost per ASK improved. 2025 guidance targets further revenue and EBITDA growth, with maintenance costs expected to drop.
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Revenue rose 23% year-on-year to MYR 795 million, with net profit at MYR 121.6 million, driven by strong passenger growth and ancillary revenue. Operational profitability continued for the ninth consecutive quarter, and network expansion remains a key focus.
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Revenue rose 30% year-over-year in Q2 2024, with strong passenger and ancillary growth, though net profit dipped slightly due to currency and fuel costs. Outlook for Q3 and Q4 is robust, with further fleet expansion and new routes expected to drive performance.