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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.”

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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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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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

(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.

Stronger together: Upon completion, the new aviation group will offer a comprehensive range of low-cost air travel services across short, medium, and long-haul routes, establishing KLIA as a leading aviation megahub and positioning Asean as a key global transit point

SEPANG, 16 October 2024 – AirAsia X (AAX) is pleased to announce that its shareholders expressed strong support for the Proposed Acquisition of Capital A’s entire equity interest in the aviation business within AirAsia Aviation Group Limited (AAAGL) and AirAsia Berhad (AAB) for RM6.8 billion, during the Extraordinary General Meeting (EGM) held today.

Dato’ Fam Lee Ee, Chairman of AirAsia X said: “The unanimous approval from our shareholders marks a pivotal moment for AAX as we take a bold step forward in shaping the future of low-cost travel.”

Benyamin Ismail, CEO of AirAsia X said, “We extend our gratitude to our shareholders for their strong validation of our growth plans moving forward. This acquisition positions us on the brink of a transformative shift at AirAsia, uniting medium and short-haul operations into a powerful low-cost carrier network that will bring the world to Asean and Asean to the world.”

The proposed acquisition represents AAX’s long-term strategy to emerge stronger and more competitive in the global aviation industry. The recent launches of AAX routes to Almaty and Nairobi signal exciting new opportunities, with further expansion plans into Asia and Africa. The consolidation will significantly enhance network capacity and strengthen connectivity, offering guests a wider array of destinations and travel options for leisure and business.

(From Left): Rafail Walangitan, Consulate General of Republic of Indonesia in Kota Kinabalu; Drs Steven OE Kandouw, Representative of North Sulawesi Governor; Zamani Rafique, Director, Government Relations and ASEAN Affairs of AirAsia Malaysia; Julinus Jeffery Jimit, CEO of Sabah Tourism Board; and Rizal Aries Laksono, Acting General Manager of AP1 Sam Ratulangi Airport celebrating AirAsia Malaysia’s inaugural flight from Kota Kinabalu to Manado today

MANADO, 1 September 2024 – AirAsia today celebrates the maiden flight from Kota Kinabalu to Manado, the capital city of North Sulawesi and the second largest city in Indonesia’s Sulawesi island.

Flight AK1797 was given the customary water cannon salute on arrival in Sam Ratulangi International Airport, Manado, North Sulawesi and arriving guests were warmly received by Drs Steven OE Kandouw, Representative of North Sulawesi Governor, Rafail Walangitan, Consulate General of Republic of Indonesia in Kota Kinabalu; Drs Steven OE Kandouw, Ratulangi Airport Management and AirAsia Allstars.

This new route reaffirms AirAsia’s commitment to providing more travel options from Kota Kinabalu its second-largest hub in Malaysia for both domestic and international destinations with a total of 30 routes with 387 flights weekly as a Group.

SEPANG, 8 January 2024 – AirAsia X (AAX) announced today that it has entered into a non-binding letter of acceptance with Capital A for the proposed acquisitions of its aviation businesses, namely AirAsia Berhad and AirAsia Aviation Group Limited.

The strategic move positions AAX to become the overarching regional aviation provider for all short and medium-haul routes under the AirAsia brand name. This groundbreaking acquisition is expected to provide unparalleled advantages, including a strengthened market position, increased operational efficiency, and ultimately driving cost savings and enhanced financial performance.

AirAsia X Chairman, Dato’ Fam Lee Ee said: “These strategic acquisitions serve as pivotal milestones in AAX’s post-PN17 revival strategy, bolstering our financial stability and enhancing our market positioning. The consolidation under the AirAsia brand as a one-listed entity reflects our commitment to capitalise on our regained strength and market confidence to deliver a unified and unparalleled travel experience for our guests and significant value for our shareholders.”