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AirAsia Group stated (29-Nov-2017) it remained “the world’s lowest cost airline” in 3Q2017 with CASK of MYR0.128. CASK increased 5% year-on-year due to the weaker ringgit and higher fuel prices. The average fuel price increased 6.8% to USD63 per barrel. Non-fuel CASK increased 5% to MYR0.0824 (USD0.0202), largely due to higher staff costs in line with the airline’s growth targets and higher MRO charges.
Questions & Answers
Q.What was the main reason for AirAsia's 5% increase in CASK during 3Q2017?
What was the main reason for AirAsia's 5% increase in CASK during 3Q2017?
The primary factors contributing to the 5% rise in AirAsia's CASK were the weaker ringgit exchange rate and the higher prices for fuel. This made their operational costs more expensive compared to the previous year.
Q.How did the average fuel price change for AirAsia in 3Q2017 compared to the prior year?
How did the average fuel price change for AirAsia in 3Q2017 compared to the prior year?
AirAsia's average fuel price saw a 6.8% increase, reaching USD63 per barrel in 3Q2017. This rise in fuel cost was a contributing factor to the airline's overall CASK increase.
Q.What caused the non-fuel CASK to increase by 5% for AirAsia in 3Q2017?
What caused the non-fuel CASK to increase by 5% for AirAsia in 3Q2017?
The 5% increase in non-fuel CASK was mainly attributed to higher staff costs, which were aligned with the airline's growth targets, and increased maintenance, repair, and overhaul (MRO) charges during the period.
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