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AirAsia X’s quarterly profits surge from forex windfall
August 27th 2025
AirAsia X (AAX) has reported a net profit of 35.2 million ringgit (US$8.4 million) for the three months to June 30, 630% higher than its 4.8 million ringgit net profit in the same quarter last year. Read More » Revenue declined 1.2%, to 660.8 million ringgit, AAX reports. The LCC group, which has bases in Malaysia and Thailand, said the large net profit was a result of favourable foreign exchange gains and the drop in revenue was due to traditional low season conditions. "The group’s operations remained profitable even as one aircraft is pending reactivation and fares are softer in a market keen to boost demand in a lower fuel price environment," AirAsia X CEO, Benyamin Ismail, said. "With recent favourable jet fuel prices and a stronger Malaysian ringgit, the company is preparing for sustainable growth in the year ahead."
