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AirAsia X Second Quarter 2025 Financial Results

SEPANG, 26 August 2025 – AirAsia X Berhad (“AirAsia X” or the “Company”) today reported its unaudited financial results for the second quarter ended 30 June 2025 (“2Q25”).

  • AirAsia X continues to be profitable with Net Profit of RM35.22 million due to favourable foreign exchange gains; Net Operating Profit improved 26% YoY to RM1.38 million
  • Passenger traffic tracks capacity growth at 6% YoY, Passenger Load Factor unchanged and sound at 83% – on track for Central Asia dominance and entry into Europe
  • CASK reduces by 13% YoY to 12.05 sen due to decline in jet fuel prices

AirAsia X CEO Benyamin Ismail said: “AirAsia X delivered resilient performance this quarter with a sound PLF of 83%, in line with capacity growth despite the seasonally softer second quarter. The Group’s operations remained profitable even as one aircraft is pending reactivation and fares are softer as the market tries to boost demand taking advantage of the lower fuel price environment in 2Q25.

“The final aircraft reactivation, originally planned for June 2025, has been deferred to the second half of the year due to the well-documented global MRO backlogs and spare parts shortages. While we are eager to return the aircraft to service, the safety of our guests and crew is of paramount importance, and the Group is committed as ever to returning the aircraft to service without compromise.

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AirAsia unveils striking gold livery in celebration of 16th Skytrax win

AirAsia Wins Best International Airline

SYDNEY, 18 August 2025 – AirAsia X (AAX) has once again clinched the prestigious Best International Airline of the Year title at the Australian Aviation Awards 2025, marking its second consecutive win and reaffirming its strong and growing presence in the Australian market.

The honour, presented at a gala ceremony in Sydney last Friday, recognises AAX’s continued excellence in delivering affordable, reliable, and accessible international air travel for Australians, while steadily expanding its footprint across key markets.

AirAsia X CEO Benyamin Ismail said: “We are incredibly proud to receive this award for the second year running. Australia is where our story began, and it remains one of our most important markets. In the last ten years, we have flown more than 10 million guests between Australia and Malaysia, with the majority of them being Australian travellers, a true reflection of the strong local support for our brand.

AirAsia unveils striking gold livery in celebration of 16th Skytrax win

AirAsia unveils striking gold livery in celebration of 16th Skytrax win

SEPANG, 19 June 2025 – AirAsia today proudly unveiled a striking gold aircraft livery in celebration of its 16th consecutive win as the World’s Best Low-Cost Airline at the recent 2025 Skytrax World Airline Awards.

The exclusive golden aircraft, revealed during a special send-off ceremony at Kuala Lumpur International Airport Terminal 2 (KLIA T2), represents more than just a milestone, it is a bold tribute to the close to one billion guests who have placed their trust in AirAsia since 2001. This custom livery, themed ‘Still Winning, Still Gold’, symbolises the strength, durability and resilience of gold, a fitting tribute to the airline’s consecutive win.

To commemorate this golden achievement, AirAsia has launched a special celebratory campaign, featuring great value fares daily for 16 consecutive days. Travellers can snap up promotional fares* across the airline’s network including exciting destinations such as Kuala Lumpur, Kota Kinabalu (Sabah), Bangkok (Don Mueang), Okinawa, Jakarta, Manila and many more from today to 3 July 2025, for travel between 2 July 2025 and 31 March 2026 on the AirAsia MOVE app or airasia.com.

AirAsia triumphs as the World’s Best Low-Cost Airline for 16th consecutive year at Skytrax 2025

AirAsia triumphs as the World’s Best Low-Cost Airline for 16th consecutive year at Skytrax 2025

PARIS, 18 June 2025 – AirAsia has been named the World’s Best Low-Cost Airline at the Skytrax World Airline Awards 2025, reaffirming for the 16th year running its legacy as the global gold standard in low-cost travel.

In accepting the award at a ceremony at the Paris Air Show 2025 in France on Tuesday, Datuk Kamarudin Meranun, Chairman of Capital A and Co-Founder of AirAsia said: “Sixteen years on, this recognition remains just as meaningful as ever. We started with a simple dream to make flying affordable for everyone. To be recognised for the 16th time reaffirms that we have stayed true to that mission and continue to soar high in the minds of the many millions of passengers who choose to fly with us each year. While this award is truly another fantastic achievement, we never rest on our laurels and it inspires us to go even further.”

Tony Fernandes, CEO of Capital A and Co-Founder of AirAsia said: “This is a deeply emotional win for me. From flying just 200,000 guests in our first year to aiming to welcome our one billionth guest this year, this journey has been made possible by the unwavering support of our guests, and the tireless dedication of our incredible Allstars. Every challenge we have faced, every comeback we have made, was made possible by their trust and effort. We thank the Skytrax team for recognising our work, and I would like to share the award with my Allstars – it belongs to them. Thank you for believing in the dream.”

AirAsia X First Quarter 2025 Financial Results

SEPANG, 28 May 2025 – AirAsia X Berhad (“AirAsia X” or the “Company”) today reported its unaudited financial results for the first quarter ended 31 March 2025 (“1Q25”).

  • Net Profit of RM50.2 million as revenue rises by 3% YoY to RM940.1 million
  • Passenger traffic grows by 12% YoY parallel to 12% growth in seat capacity; Passenger Load Factor sound at 83%
  • Inducts its 19th A330 aircraft via operating lease from a third-party lessor, on track for full fleet deployment by mid-year
  • TAAX posts Net Operating Profit of RM15.5 million as Revenue stood at RM512.7 million; average fare remains strong at RM833 per passenger

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AirAsia X Fourth Quarter 2024 and Full Year 2024 Financial Results

SEPANG, 28 February 2025 – AirAsia X Berhad (“AirAsia X” or the “Company”) today reported its unaudited financial results for the Fourth Quarter of 2024 (“4Q24”) and the Full Financial Year of 2024 (“FY24”) ended 31 December 2024.

  • Tenth consecutive quarter of Net Profit at RM22.6 million with Revenue up 7% YoY to RM872.3 million 
  • 20% YoY boost in the number of passengers carried and seat capacity in 4Q24 as more aircraft were operational within the past 12-month period; PLF sound at 82%
  • Third consecutive full year Net Profit at RM229.1 million with full year Revenue at RM3.2 billion
  • Close to 4 million passengers carried in FY2024, outpacing a 35% growth in seat capacity; full year PLF robust at 83%, driving record-level full-year ancillary revenue at RM253 per passenger
  • Advances aviation sustainability performance with record ESG scores and FTSE4Good listing
  • TAAX posts Net Profit of RM18.1 million and RM56.3 million for 4Q24 and FY2024 respectively, with fare impressive at RM793 per passenger
  • TAAX’s fleet is now fully reactivated with 10 active aircraft; AAX to reactivate final aircraft and induct an additional 3rd party leased aircraft in 1H25

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AirAsia X Third Quarter 2024 Financial Results

SEPANG, 29 November 2024 – AirAsia X Berhad (“AirAsia X” or the “Company”) today reported its unaudited financial results for the Third Quarter of 2024 (“3Q24”) ended 30 September 2024.

• Revenue grows by 23% to RM795.0 million on the back of solid 84% Passenger Load Factor, and 40% boost in ancillary revenue

• Net Profit at RM121.6 million on the back of foreign exchange gains, unit cost lowest among peer airlines at US¢3.14; ex-fuel unit cost impressive at US¢1.48

• Number of passengers carried trends upward by 34%, surpassing a 27% growth in seat capacity

• TAAX posts Net Profit of RM55 million while average fare impressive at RM613

• Nearing full fleet reactivation with only one aircraft left to be reactivated as of November 2024

• Secured shareholders’ approval for the acquisition of Capital A’s aviation business in October 2024, with fundraising exercise well underway

AirAsia triumphs at Asia Pacific Aviation 100 Awards with Asia-Pacific Overall Deal of the Year and CFO/Treasurer of the Year awards

CFO Treasurer of the Year awards

(From left) Farhan Zainul, Chief, Aircraft & Corporate Finance and Farouk Kamal, Deputy CEO (Corporate) of AirAsia Aviation Group as well as Teh Mun Hui, Chief Financial Officer of Capital A accepted the awards in Singapore last night.

SINGAPORE, 6 November 2024 – AirAsia has secured two top honours at the Asia Pacific Aviation 100 Awards: Asia-Pacific Overall Deal of the Year and Asia-Pacific CFO/Treasurer of the Year. These accolades reflect AirAsia’s robust financial strategies, which have significantly bolstered its financial resilience and driven its continued strong recovery.

Farouk Kamal, Deputy CEO (Corporate) of AirAsia Aviation Group said: “These awards underscore AirAsia’s strength in financial management, strategic planning, and innovative deal-making. This would not have been possible without our incredible aircraft finance and treasury team as their expertise and dedication were crucial in securing the bond. Their significant efforts have enhanced our financial resilience and paved the way for our fleet expansion and operational growth positioning us well to meet the rising travel demand. Their achievements are rightly recognised, setting the stage for even greater accomplishments in 2025 and beyond.”

The Aviation 100 awards, hosted by Airline Economics Magazine, recognise the most outstanding performers in the aviation industry, highlighting innovative and successful finance and leasing deals closed within the past year. The awards are determined through an industry-wide survey, rigorous vetting, and editorial considerations, recognising the best of the best in aviation finance and leasing.