AirAsia PH’s Q2 profit hits P593M
AirAsia Philippines saw its earnings in the second quarter surge to P593 million on the back of its improved passenger capacity.
In a statement on Thursday, the low-cost carrier’s Malaysian parent, AirAsia Group Berhad, said the amount was a 777-percent increase from P68 million in the April-to-June period. in 2018.
Revenues jumped by 38 percent to P7.51 billion in the three months ending June from P5.46 billion year-
AirAsia Philippines’ passenger capacity rose to 2.45 million flyers, up from 2.08 million last year. Passengers carried, or the number of earned seats flown, including no-shows, also jumped by 22 percent to 2.22 million in from 1.81 million.
Load factor stood at 91 percent, up 4 percent from 87 percent last year.
“With our performance so far this year, we are positive on [reaching] our target [to have] all our Asean AOCs (air operator certificate) be profitable this year,” AirAsia Group Berhad President Bo Lingam was quoted as saying in the statement released.
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