AirAsia Group Bhd.
In the news
- Airlines can have greener future after COVID-19 Aug 7, 2020
- AirAsia will rebound to profit in a year, vows CEO Tony Fernandes Jul 9, 2020
- Malaysia's AirAsia in talks to raise more than $230m Jul 9, 2020
- AirAsia shares suspended after auditor questions carrier's future Jul 8, 2020
- Vietnam blocks new airlines until 2022 despite market duopoly Jul 7, 2020 See more articles on AirAsia Group Bhd.
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
Financial Highlights
| Dec 2019 | MYR | USD |
| Revenue | 11,860.40M | 2,862.77M |
| Gross Profit | 1,226.23M | 295.97M |
| Operating income | 75.75M | 18.28M |
| Income before tax | -72.78M | -17.56M |
| Net income | -315.80M | -76.22M |
| EBITDA | 1,539.47M | 371.58M |
| Diluted EPS | -0.09 | -0.02 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 25,594.71M | 6,257.11M |
| Total liabilities | 22,683.97M | 5,545.52M |
| Total equity | 4,498.33M | 1,099.70M |
| Operating cash flow | 2,087.45M | 503.85M |
| Currency in MYR | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 6,297.65M | 6,846.08M | 9,709.72M | 10,638.29M | 11,860.40M |
| Gross Profit | 1,621.65M | 1,995.88M | 1,853.18M | 805.14M | 1,226.23M |
| Operating income | 1,351.18M | 1,879.09M | 1,629.40M | 25.66M | 75.75M |
| Income before tax | 215.15M | 1,704.69M | 2,087.78M | 1,335.23M | -72.78M |
| Net income | 541.19M | 1,621.65M | 1,628.77M | 1,967.00M | -315.80M |
| EBITDA | 2,054.44M | 2,590.21M | 2,493.67M | 611.01M | 1,539.47M |
| Diluted EPS | 0.19 | 0.58 | 0.49 | 0.58 | -0.09 |
| Dividends Per Share | 0.04 | 0.12 | 0.12 | 0.24 | 0 |
| Total Assets | 21,888.23M | 23,653.45M | 23,528.26M | 19,446.59M | 25,594.71M |
| Total liabilities | 17,437.38M | 17,025.67M | 16,818.18M | 13,261.32M | 22,683.97M |
| Total equity | 4,452.32M | 6,632.98M | 8,048.11M | 7,784.45M | 4,498.33M |
| Operating cash flow | 2,256.14M | 2,244.77M | 2,052.46M | 524.07M | 2,087.45M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 1,610.78M | 1,652.56M | 2,258.32M | 2,636.25M | 2,862.77M |
| Gross Profit | 414.78M | 481.78M | 431.02M | 199.52M | 295.97M |
| Operating income | 345.59M | 453.58M | 378.97M | 6.35M | 18.28M |
| Income before tax | 55.03M | 411.49M | 485.58M | 330.88M | -17.56M |
| Net income | 138.42M | 391.44M | 378.82M | 487.44M | -76.22M |
| EBITDA | 525.47M | 625.24M | 579.99M | 151.41M | 371.58M |
| Diluted EPS | 0.04 | 0.14 | 0.11 | 0.14 | -0.02 |
| Dividends Per Share | 0.01 | 0.02 | 0.02 | 0.05 | 0 |
| Total Assets | 5,097.99M | 5,272.72M | 5,813.75M | 4,705.76M | 6,257.11M |
| Total liabilities | 4,061.34M | 3,795.29M | 4,155.71M | 3,209.03M | 5,545.52M |
| Total equity | 1,036.99M | 1,478.59M | 1,988.66M | 1,883.71M | 1,099.70M |
| Operating cash flow | 577.06M | 541.86M | 477.37M | 129.87M | 503.85M |
Valuation Measures
| Dec 2019 | |
| PER | -- |
| ROA | -1.40% |
| ROE | -5.14% |
| Operating margin | 0.63% |
| Profit margin | -2.66% |
Key executives
- Chief Executive Officer: Tharumalingam Kanagalingam
- 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 Air Sdn Bhd (15.4%)
- Tune Live Sdn. Bhd. (15.2%)
- Permodalan Nasional Bhd. (7.4%)
- Employees Provident Fund (2.0%)
- Great Eastern Life Assurance Co. Ltd. (1.5%)
- The Vanguard Group, Inc. (1.4%)
- Dimensional Fund Advisors LP (1.1%)
- Global Success Network Sdn. Bhd. (0.5%)
- icapital.biz Bhd. (0.4%)
- Research Affiliates LLC (0.4%)
Contact Details
- Website:http://www.airasia.com
- Address: RedQ, Jalan Pekeliling 5, Kuala Lumpur, 64000, Malaysia
- Phone: +60.3.8660.4333
Related Companies
- Merah Aviation Asset Holding Ltd.
- AirAsia Digital
- 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.
- PT Garuda Indonesia (Persero) Tbk Class B
- PAL Holdings, Inc.
- SpiceJet Limited
- Nok Airlines Public Co., Ltd.
- InterGlobe Aviation Ltd
- Qantas Airways Limited
- Bangkok Airways Public Co., Ltd.
- JG Summit Holdings Inc.
- International Consolidated Airlines Group SA
- Controladora Vuela Compania de Aviacion SAB de CV Class A
Copyright © 2021 FactSet Research Systems Inc. All rights reserved.
Last Updated on 21 Jan, 2021
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