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Transportation

AirAsia

  • 1.78 MYR
  • -0.02
  • -1.11%
  • Malaysia
    Sep 18, 2019
  • Ticker
    KLS(5099)
  • Prev. close
    1.80
  • Market cap (MYR)
    6,015.55M
  • Market cap (USD)
    1,437.75M
  • Shares
    3,341.97M

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.

Business Summary

AirAsia Group Bhd. engages in the provision of air transportation services. It operates through the following geographical segments: Malaysia, Thailand, and Indonesia. 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 Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2018 MYRUSD
Revenue10,638.29M2,636.25M
Gross Profit805.14M199.52M
Operating income25.66M6.35M
Income before tax1,335.23M330.88M
Net income1,967.00M487.44M
EBITDA611.01M151.41M
Diluted EPS0.580.14
Dividends Per Share0.240.05
Total Assets19,446.59M4,705.76M
Total liabilities13,261.32M3,209.03M
Total equity7,784.45M1,883.71M
Operating cash flow524.07M129.87M
Currency in MYRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 5,415.74M 6,297.65M 6,846.08M 9,709.72M 10,638.29M
Gross Profit 881.76M 1,621.65M 1,995.88M 1,853.18M 805.14M
Operating income 648.88M 1,351.18M 1,879.09M 1,629.40M 25.66M
Income before tax 22.70M 215.15M 1,704.69M 2,087.78M 1,335.23M
Net income 82.83M 541.19M 1,621.65M 1,628.77M 1,967.00M
EBITDA 1,368.38M 2,054.44M 2,590.21M 2,493.67M 611.01M
Diluted EPS 0.03 0.19 0.58 0.49 0.58
Dividends Per Share 0.03 0.04 0.12 0.12 0.24
Total Assets 21,544.63M 21,888.23M 23,653.45M 23,528.26M 19,446.59M
Total liabilities 16,989.54M 17,437.38M 17,025.67M 16,818.18M 13,261.32M
Total equity 4,555.09M 4,452.32M 6,632.98M 8,048.11M 7,784.45M
Operating cash flow 306.72M 2,256.14M 2,244.77M 2,052.46M 524.07M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,655.16M 1,610.78M 1,652.56M 2,258.32M 2,636.25M
Gross Profit 269.48M 414.78M 481.78M 431.02M 199.52M
Operating income 198.31M 345.59M 453.58M 378.97M 6.35M
Income before tax 6.93M 55.03M 411.49M 485.58M 330.88M
Net income 25.31M 138.42M 391.44M 378.82M 487.44M
EBITDA 418.20M 525.47M 625.24M 579.99M 151.41M
Diluted EPS 0.00 0.04 0.14 0.11 0.14
Dividends Per Share 0.00 0.01 0.02 0.02 0.05
Total Assets 6,161.77M 5,097.99M 5,272.72M 5,813.75M 4,705.76M
Total liabilities 4,859.01M 4,061.34M 3,795.29M 4,155.71M 3,209.03M
Total equity 1,302.75M 1,036.99M 1,478.59M 1,988.66M 1,883.71M
Operating cash flow 93.74M 577.06M 541.86M 477.37M 129.87M

Valuation Measures

Dec 2018
PER5.04
ROA9.15%
ROE24.84%
Operating margin0.24%
Profit margin18.48%

Key executives

  • Group CEO & Non-Independent Executive Director: Tony Fernandes
  • Chief Operating Officer: Adrian Jenkins
  • Group Chief Financial Officer: Pattra Boosarawongse
  • Group Head-Information & Communication Technology: Kin Choy Lau
  • Head-Engineering: Nadzri Hashim

Shareholders

  • Tune Live Sdn. Bhd. (16.7%)
  • Tune Air Sdn Bhd (15.4%)
  • Permodalan Nasional Bhd. (7.4%)
  • Employees Provident Fund (6.4%)
  • AIA Bhd. (2.1%)
  • Dimensional Fund Advisors LP (1.7%)
  • The Vanguard Group, Inc. (1.6%)
  • W97n Emerging Markets Opportunities Portfolio (1.1%)
  • Saudi Arabian Monetary Agency (Investment Management) (1.0%)
  • BlackRock Fund Advisors (0.9%)

Contact Details

  • Website:http://www.airasia.com
  • Address: RedQ, Jalan Pekeliling 5, Kuala Lumpur, 64000, Malaysia
  • Phone: +60.3.8660.4333

Related Companies

  • Teleport Commerce Malaysia Sdn. Bhd.
  • Merah Aviation Asset Holding Ltd.
  • Redbeat Ventures Sdn. Bhd.
  • Airasia Bhd.
  • RedTix Sdn. Bhd.
  • Koolred Sdn. Bhd.
  • Asia Aviation Capital Ltd.
  • AirAsia Megastore Sdn. Bhd.
  • AirAsia Asean, Inc.
  • AirAsia, Inc.
  • Tune Box Sdn. Bhd.
  • AirAsia (Mauritius) Ltd.
  • AirAsia Go Holiday Co. Ltd.
  • AirAsia Go Holiday Sdn. Bhd.
  • AirAsia Exp Pte Ltd.
  • AirAsia Investment Ltd.
  • Tune Hotels Sdn. Bhd.
  • AA International Ltd.
  • Aras Sejagat Sdn. Bhd.
  • Crunchtime Culinary Services Sdn. Bhd.

Competitors

  • Cebu Air Inc.
  • Vietjet Aviation JSC
  • PAL Holdings, Inc.
  • SpiceJet Limited
  • China Southern Airlines Company Limited Class H
  • Thai Airways International Public Co. Ltd.
  • Bangkok Airways Public Co., Ltd.
  • China Eastern Airlines Corporation Limited Class H
  • PT Garuda Indonesia (Persero) Tbk Class B
  • El Al Israel Airlines Ltd
  • Singapore Airlines Ltd.
  • Nok Airlines Public Co., Ltd.
  • Spring Airlines Co., Ltd. Class A
  • InterGlobe Aviation Ltd
  • Ryanair Holdings Plc
  • Norwegian Air Shuttle ASA
  • JG Summit Holdings Inc.
  • Controladora Vuela Compania de Aviacion SAB de CV Class A
Last Updated on 18 Sep, 2019

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