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Transportation

AirAsia

  • 2.80 MYR
  • +0.01
  • +0.36%
  • Malaysia
    Mar 22, 2019
  • Ticker
    KLS(5099)
  • Prev. close
    2.79
  • Market cap (MYR)
    9,324.11M
  • Market cap (USD)
    2,294.04M
  • 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. 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.

Financial Highlights

Dec 2018 MYRUSD
Revenue10,603.75M2,627.69M
Gross Profit879.25M217.88M
Operating income61.77M15.30M
Income before tax1,364.71M338.18M
Net income1,979.97M490.65M
EBITDA653.48M161.93M
Diluted EPS0.590.14
Dividends Per Share0.240.05
Total Assets18,769.86M4,542.01M
Total liabilities12,539.23M3,034.29M
Total equity7,838.74M1,896.85M
Operating cash flow2,148.79M532.48M
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 10,603.75M
Gross Profit 881.76M 1,621.65M 1,995.88M 1,853.18M 879.25M
Operating income 648.88M 1,351.18M 1,879.09M 1,629.40M 61.77M
Income before tax 22.70M 215.15M 1,704.69M 2,087.78M 1,364.71M
Net income 82.83M 541.19M 1,621.65M 1,628.77M 1,979.97M
EBITDA 1,368.38M 2,054.44M 2,590.21M 2,493.67M 653.48M
Diluted EPS 0.03 0.19 0.58 0.49 0.59
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 18,769.86M
Total liabilities 16,989.54M 17,437.38M 17,025.67M 16,818.18M 12,539.23M
Total equity 4,555.09M 4,452.32M 6,632.98M 8,048.11M 7,838.74M
Operating cash flow 306.72M 2,256.14M 2,244.77M 2,052.46M 2,148.79M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,655.16M 1,610.78M 1,652.56M 2,258.32M 2,627.69M
Gross Profit 269.48M 414.78M 481.78M 431.02M 217.88M
Operating income 198.31M 345.59M 453.58M 378.97M 15.30M
Income before tax 6.93M 55.03M 411.49M 485.58M 338.18M
Net income 25.31M 138.42M 391.44M 378.82M 490.65M
EBITDA 418.20M 525.47M 625.24M 579.99M 161.93M
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 4,542.01M
Total liabilities 4,859.01M 4,061.34M 3,795.29M 4,155.71M 3,034.29M
Total equity 1,302.75M 1,036.99M 1,478.59M 1,988.66M 1,896.85M
Operating cash flow 93.74M 577.06M 541.86M 477.37M 532.48M

Valuation Measures

Dec 2018
PER5.01
ROA9.36%
ROE24.92%
Operating margin0.58%
Profit margin18.67%

Key executives

  • Chief Executive Officer: Riad Asmat
  • 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%)
  • Employees Provident Fund (5.6%)
  • Permodalan Nasional Bhd. (4.9%)
  • AIA Bhd. (2.4%)
  • The Vanguard Group, Inc. (1.5%)
  • Dimensional Fund Advisors LP (1.5%)
  • Norges Bank Investment Management (1.2%)
  • Emerging Markets Opportunities Portfolio (1.2%)
  • APG Asset Management NV (1.1%)

Contact Details

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

Related Companies

  • Merah Aviation Asset Holding Ltd.
  • Redbeat Ventures
  • 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.
  • PAL Holdings, Inc.
  • Vietjet Aviation JSC
  • 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
  • Nok Airlines Public Co., Ltd.
  • Spring Airlines Co., Ltd. Class A
  • InterGlobe Aviation Ltd
  • Ryanair Holdings Plc
  • JG Summit Holdings Inc.
  • SpiceJet Limited
  • Norwegian Air Shuttle ASA
Last Updated on 22 Mar, 2019

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