News Forum - 261 billion baht profits in 2022 for AirAsia X

[Thaiger]

While airlines have been fighting to stay afloat as tourism begins to pick up but operation costs are sky-high, AirAsia X reported a profit of 261 billion baht for the fiscal year that ended on June 20, 2022. The net profit for the year was weakened by a fourth quarter that recorded a net loss of 5.19 billion baht, compared with 267 million baht losses in the second quarter of the fiscal year. The cost of petrol is one major factor airlines struggle with, with fuel accounting for 35% of airline operational costs, up from a maximum of 30% previously. […]

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[Giltee]

Planes don’t run on petrol

[KaptainRob]

21 minutes ago, Giltee said:

Planes don’t run on petrol

Jet fuel is a petroleum product however it was a dumb error.

[Janneman]

Ummm, perhaps someone mixed up millions and billions? A 261 billion baht profit is like 7,5 billion euro's. According to wikipedia Airasia's fleet consists of 12 airbusses. So they make like 625 million euro per plane per year? Or 1,75 million euro per plane per day. 

https://en.m.wikipedia.org/wiki/AirAsia_X

[KaptainRob]

12 minutes ago, Janneman said:

Ummm, perhaps someone mixed up millions and billions? A 261 billion baht profit is like 7,5 billion euro's. According to wikipedia Airasia's fleet consists of 12 airbusses. So they make like 625 million euro per plane per year? Or 1,75 million euro per plane per day. 

https://en.m.wikipedia.org/wiki/AirAsia_X

Good point.  AFAIK AirAsiaX (Malaysia) only have 4 x A330's currently in service.