Asia300

AirAsia Bhd.

Malaysia

  • 1m
  • 3m
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  • 1y
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Jun 23, 2017
Prev close: 3.19
Jun 23, 2017
Market cap:
Market cap(USD):
10,660.89M
2,485.37M
Shares: 3,341.97M

Currency in MYR

Company profile

Market(Ticker): KLS(5099)
Sector:
Industry:
Transportation
Airlines
Full time employees: 7,615

Business summary

AirAsia Bhd. engages in the provision of air transportation services. It operates through the following segments: Malaysia, Thailand, Indonesia, Philippines, India and Japan. Its products include AirAsia Car rental, AirAsia Cargo, AirAsia Go, AirAsia Credit Card, BIG Duty Free, AirAsia RedTix, AirAsia Travel Protection, CIMB Savers, Travel3Sixty, Electronic Gift Voucher, and roKKi Wi-Fi. The company was founded by Abdel Aziz bin Abu Bakar, Anthony Francis Fernandes, Conor John McCarthy, and Kamarudin bin Meranum in 1993 and is headquartered in Sepang, Malaysia.

Company background

From its beginnings with just two jets and debt of $11 million in 2001, AirAsia has grown to become a profitable short-haul budget carrier in Asia with a fleet of close to 200 aircraft. The group operates mainly in Asia-Pacific region, including operations in Indonesia, the Philippines and Thailand. AirAsia recently launched AirAsia India in an alliance with Tata Group, plying India's domestic market. It is also seeking a re-entry into Japan in a tie-up with Rakuten Japan, after its first joint venture with All Nippon Airways broke up in 2013.

AirAsia is 23% owned by Tune Air, a private company controlled by Group CEO Tony Fernandes, a former executive of music producer Time Warner. Inspired by the success of its peer Ryanair in Europe, he runs the airline strictly adhering to the low-cost and no-frills business model, and made flying affordable to many in Asia. AirAsia's success has led to the burgeoning of budget carriers in the region, many of which are owned by full-service airline companies. The group recently introduced premium services targeting business travelers and parcel delivery services to boost its ancillary income. Its listed associate, AirAsia X, is a long-haul budget carrier, flying all over Asia.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 6,846.08M
Gross profit 2,041.33M
Operating income 1,770.24M
Income before tax 2,133.07M
Net income 2,050.04M
EBITDA 2,481.36M
Diluted EPS 0.73
Dividends per share 0.12
Total assets 22,696.65M
Total liabilities 16,068.87M
Total equity 6,632.98M
Operating cash flow 2,244.77M

Currency in MYR

Revenue 1,652.56M
Gross profit 492.75M
Operating income 427.31M
Income before tax 514.89M
Net income 494.85M
EBITDA 598.97M
Diluted EPS 0.17
Dividends per share 0.02
Total assets 5,059.44M
Total liabilities 3,582.00M
Total equity 1,478.59M
Operating cash flow 541.86M

Currency in USD

Valuation measures

Dec 2016

PER 3.10
ROA 9.19%
ROE 36.98%
Operating margin 25.85%
Profit margin 29.94%

Key executive

  • Chief Executive Officer & Executive Director: Aireen Omar
  • President & Group Chief Operating Officer: Bo Lingam
  • Chief Financial Officer: Kim Lian How
  • Group Head-Information & Communication Technology: Kin Choy Lau
  • Group Head-Engineering: Anaz bin Ahmad Tajuddin

Share holders

  • Tune Live Sdn. Bhd.(16.7%)
  • Tune Air Sdn Bhd(15.4%)
  • Employees Provident Fund(4.9%)
  • Wellington Management Co. LLP(4.0%)
  • AIA Bhd.(2.3%)
  • Yayasan Hasanah(1.7%)
  • The Vanguard Group, Inc.(1.4%)
  • Dimensional Fund Advisors LP(1.4%)
  • Capital Research & Management Co. (Global Investors)(1.3%)
  • APG Asset Management NV(0.9%)

Address

  • Website: http://www.airasia.com
  • Address: LCC Terminal, Jalan KLIA S3, Sepang, 64000, Malaysia
  • Phone: +60.3.8660.4333

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