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"The Company reported a net cash generated from operating activities of RM268.8 million, a significant increase year-on-year (“YoY) from the previous year’s RM23.5 million. More importantly, AirAsia X Malaysia posted Revenue per Available Seat Kilometre (“RASK”) of 12.03 sen, up by 2% on the back of an increase in average base fare (“ABF”) by 5% in 2Q19 to RM437 from last year’s RM418. On capacity, Available Seat per Kilometre (“ASK”) Capacity declined 6% YoY to 8,442 million and Passenger Load Factor (“PLF”) remained fairly stable at 80% during the quarter. "
Loss is due to depreciation, operation statistics and financials are growing tremendously
the huge loss is due to a one-off accelerated depreciation arising from disposal of the aircraft to facilitate the lease of aircraft. Operating cashflow wise, AAX has improved tremendously with 17x higher operating cashflow compare to last year 2018 Q2. EBITDA improved by more than 100%. This shows AAX has succeeded in their turnaround plan.
