Air Asia Third Quarter 2024 Earnings: EPS: NT$0.15 (vs NT$0.27 in 3Q 2023)

Air Asia (TWSE:2630) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.40b (up 18% from 3Q 2023).
• Net income: NT$32.4m (down 38% from 3Q 2023).
• Profit margin: 2.3% (down from 4.4% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.15 (down from NT$0.27 in 3Q 2023).

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

Air Asia Earnings Insights

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Aerospace & Defense industry in Taiwan.

Performance of the Taiwanese Aerospace & Defense industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Air Asia you should know about.

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