This marks a major turnaround for low-cost carrier which suffered a net loss of RM931 million a year ago.
Capital A Q2 FY2023 revenue surged 115.75% to RM3.15 billion from RM1.46 billion previously, driven by the revival of air travel during the period.
The AirAsia parent company’s quarterly revenue surged 115.75% to RM3.15 billion from RM1.46 billion previously, driven by the revival of air travel during the period. For Q2, earnings before interest, taxes, depreciation and amortisation came in positive at RM461.9 million for compared with an Ebitda of RM108.6 million in Q2 FY2022 due to the improvement in the performance of the aviation segment.
Its Asia Digital Engineering segment reported a 37% year-on-year increase in Ebitda of RM36.8 million driven by increase in revenues and its lean and efficient cost structure. “We have finally brought together the four short-haul airlines under AAV, comprising AirAsia Malaysia, AirAsia Thailand, AirAsia Indonesia and AirAsia Philippines in our Q2 FY2023 financial performance,” he said, adding this allows analysts and investors to have a clearer view of its accounts.
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