AirAsia X Berhad (KLSE:AAX) First Quarter 2023 Results
Key Financial Results
Revenue: RM100.1m (up 39% from 1Q 2022).
Net income: RM25.1m (up from RM24.6b loss in 1Q 2022).
Profit margin: 25% (up from net loss in 1Q 2022). The move to profitability was primarily driven by lower expenses.
EPS: RM0.06 (up from RM59.37 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AirAsia X Berhad Earnings Insights
Looking ahead, revenue is forecast to grow 62% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Airlines industry in Asia.
Performance of the market in Malaysia.
The company's shares are up 8.9% from a week ago.
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for AirAsia X Berhad (2 are significant) you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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