Sunday, August 22, 2010

Air Asia X to more than triple revenue in 5 yrs

16 June 2010

AirAsia X, the Malaysian long-haul budget airline, aims to more than triple revenue in five years as it adds more planes and destinations, Chief Executive Officer Azran Osman Rani said.

The airline, which has a fleet of eight Airbus SAS planes currently, plans to increase that to 20 by 2015, Azran said in a phone interview today. AirAsia X posted a profit of 87 million ringgit ($27 million) in 2009 on revenue of 720 million ringgit.

The carrier is also planning to fly to new destinations such as South Korea and Japan this year, after taking delivery of three more planes, he said.

- Bloomberg

Business Times

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