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AirAsia Indonesia books US$1.4 million first quarter profit
May 15th 2023
AirAsia Indonesia (AAI) has reported a net profit of 20.6 billion rupiah (US$1.4 million) for the three months to March 31 against a net loss of 503.6 billion rupiah in the year ago period. Read More » Operating revenue was five times higher at 1.4 trillion rupiah, the company said in a regulatory filing. Operating costs rose 76.6%, to 1.3 trillion rupiah. “Strong pent-up demand is evident in flight booking activities [to destinations] where travel restrictions have been lifted and additional routes have re-opened. This supports the industry’s recovery in domestic and international markets,” AAI said. “However, there is still substantial medical and economic uncertainty regarding the COVID-19 pandemic.”
