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AirAsia X posts 77% drop in quarterly net profit as exchange rate movements hit bottom line
December 1st 2025
AirAsia X (AAX) has reported net profit of 27.8 million ringgit (US$7 million) for the three months to September 30, down 77.2% from net profit of 121.6 million ringgit in the prior corresponding period. Read More » Revenue rose 60.1% to 803.5 million ringgit, AAX said in a regulatory filing. AAX said the prior year’s net profit figure was boosted by substantial net foreign exchange gains. "The company’s performance this quarter signals the resilience of our fare environment, driven by robust demand even during a typically softer travel period," AAX CEO, Benyamin Ismail, said. "In terms of fleet, our final aircraft reactivation has been deferred to next year due to MRO backlogs and delays by Rolls-Royce on the induction of engines for reactivation works. On network, recovery in China gained more momentum as we continued to observe encouraging passenger load factor and improving margins."
