News
AirAsia X net profit declines 37.5%
March 3rd 2025
AirAsia X (AAX) recorded a net profit of 229.1 million ringgit (US$51 million) for the 12 months to December 31 compared with a 336.5 million ringgit net profit in the previous year. Read More » Despite the significant profit drop, AAX CEO, Benyamin Ismail, pointed out the result was the LCC group’s third consecutive year in the black. “Our final aircraft in long-term storage is expected to return online in first-half 2025 and we are in the execution stage of inducting a 19th aircraft into our fleet,” Ismail said. “MRO supply chain challenges remain in the industry, but we are working closely with our aircraft maintenance partners to mitigate the impact.” The company’s revenue increased 28.4%, to 3.2 billion ringgit, AAX said in a regulatory filing.
