AirAsia X Berhad First Quarter 2024 Earnings: EPS: RM0.18 (vs RM0.79 in 1Q 2023)

Simply Wall St

May 28, 2024

AirAsia X Berhad (KLSE:AAX) First Quarter 2024 Results

Key Financial Results

Revenue: RM908.9m (up 66% from 1Q 2023).
Net income: RM80.1m (down 76% from 1Q 2023).
Profit margin: 8.8% (down from 60% in 1Q 2023).
EPS: RM0.18 (down from RM0.79 in 1Q 2023).

earnings-and-revenue-growth — KLSE:AAX Earnings and Revenue Growth May 28th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

AirAsia X Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Airlines industry in Asia.

Performance of the market in Malaysia.

The company's shares are up 5.1% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with AirAsia X Berhad, and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.