PETALING JAYA: AirAsia X Bhd ’s (AAX) net profit rose 301.49% to RM41.5mil, predominantly due to higher efficiency on its operations for the first quarter to March 31. Its revenue increased 7.17% to RM1.27bil. This saw its earnings per share increasing to one sen from 0.2 sen previously. Ex-fuel, CASK was also lower by 10% y-o-y to 8.11 sen driven by a stronger ringgit against the US dollar. AAX also continues to push for higher ancillary income in the coming quarters via its focus on data and digital initiatives.

Source: The Star May 23, 2018 00:00 UTC