KUALA LUMPUR: AirAsia X Bhd (AAX), the long-haul arm of low cost carrier AirAsia, is on track to record a positive full-year financial performance for 2016, three years after its listing on the Main Market of Bursa Malaysia.
The airline posted its first net profit in the third quarter for the financial period ending Sept 30 at RM11.02 million, from a net loss of RM288.19 million in the corresponding period last year.
Its revenue also rose to RM982.40 million, from RM793.01 million a year ago.
AAX attributed the positive financial result to a 54 per cent year-on-year (Y-o-Y) increase in scheduled flight revenue, 50 per cent growth in ancillary income and 34 per cent rise in aircraft operating lease income.