Malaysia · Delayed Price · Currency is MYR AirAsia Group Berhad Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw strong operational performance and network synergies post-consolidation, with 19 million passengers and robust load factors. Despite a MYR 129 million loss from non-cash FX, core operations remained profitable, aided by fare hikes and cost discipline amid fuel price volatility.
Fiscal Year 2025
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The group delivered a strong turnaround in 4Q 2025, with robust revenue, margin expansion, and profitability across key markets, driven by network growth and cost discipline. 2026 guidance targets further revenue and EBITDA growth, full fleet restoration, and continued cost optimization, supported by positive regional demand trends.
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Revenue grew 1% year-on-year to MYR 803.5 million, with net operating profit up fourfold and strong ancillary revenue. TAAX posted losses amid weak Thai tourism, but forward bookings and fare environment for Q4 are robust, with network and fleet expansion planned for 2026.
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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 remained robust at 83%, with network and ancillary revenue growth offsetting softness in Japan and China. Outlook for H2 is strong, with further fleet and route expansion planned.
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 grew 30% year-on-year in Q2 2024, with strong passenger and ancillary growth, though net profit was impacted by currency and fuel costs. Outlook for the second half is positive, with new routes, fleet expansion, and a MYR 1 billion placement supporting growth.