The fourth quarter’s net loss of 5.19 billion baht, as opposed to the second quarter’s losses of 267 million baht, reduced the net profit for the year. The Kuala Lumpur-based airline AirAsia X reported overall revenue of 3.49 billion baht for the 2022 fiscal year, with fourth-quarter revenue of just 853 million baht. While overcoming the challenges posed by ongoing Covid-19 restrictions and rules that slow down travel, the low-cost airline is renewing its goals to meet the regions with the greatest demand for passengers and cargo.
Fuel costs are a significant issue for airlines, as they now make up 35% of operating expenses, up from a prior maximum of 30%. Additionally, even though oil prices are starting to gradually decline, the aviation industry won’t be significantly impacted for some time. Operating and fuel costs are also impacted by the depreciation of the ringgit (and the baht).
AirAsia X stated at the end of 2020 that they were shifting their fiscal year so that it ended in the middle of the calendar year rather than at the end. The airline just began operating new flights to Korea from New Delhi, the capital of India, and Seoul’s Incheon Airport. While some nations are completely open or almost there, others, including Australia, China, Taiwan, and Japan, still have pandemic limitations in place, with restricted access or difficult and drawn-out visa procedures. There are still some coronavirus limitations in place, even in its home country of Malaysia.
By the end of 2022 or the beginning of 2023, AirAsia X plans to increase service to Australia and Japan in accordance with the relaxation of their Covid restrictions, as well as Dubai, Istanbul in Turkey, Jeddah in Saudi Arabia, New Zealand, and the UK. Amidst a decline in tourism and exorbitant operational costs, many airlines have been struggling to stay afloat. However, AirAsia X declared a profit of 261 billion baht for the fiscal year that ended on June 20, 2022.

AirAsia X will earn 261 billion baht in 2022
More from ThailandMore posts in Thailand »
- Top 20 Cannabis Shops: Where to Buy Weed in Samut Prakan Vol 1, 2024
- Top 20 Cannabis Shops: Where to Buy Weed in Trat Vol 1, 2024
- Shocking Bus Attack: Mental Health Crisis Sparks Tragedy in Thailand
- Tragic Accident in Udon Thani: Son Unintentionally Kills Mother During Buddhist Ceremony
- Top 20 Cannabis Shops: Where to Buy Weed in Loburi Vol 1, 2024
- Top 20 Cannabis Shops: Where to Buy Weed in Phang-nga Vol 1, 2024
- Rediscovery of Heterostemma brownii: The Forest Sea Star Awakens in Thailand’s Jungles
- Cambodian Activist Em Piseth’s Struggle for Asylum and Justice in Thailand
- Top 20 Cannabis Shops: Where to Buy Weed in Phangnga Vol 1, 2024
- Top 20 Cannabis Shops: Where to Buy Weed in Phayao Vol 1, 2024
- Top 20 Cannabis Shops: Where to Buy Weed in Prachuap Khiri Khan Vol 1, 2024
- Top 20 Cannabis Shops: Where to Buy Weed in Surat Thani Vol 1, 2024
More from TourismMore posts in Tourism »
- AGENTS CO., LTD. Launches Redundancy TDAC Submission Platform for Travelers and Tour Operators
- Destination Thailand Visa (DTV): The Digital Nomads Visa
- How to select a Trustworthy Visa Agency in Thailand
- 🌿 🇹🇭 Cannabis in Thailand: The Fight for Freedom Continues
- Interactive Platform Maps Out Thailand’s Thriving Cannabis Landscape
- The first Phuket Cannabis Cup – March 25th
- eSIMs – The Future of Mobile Connectivity for Traveling to Thailand
- Lunar surge may top 1.8 million traveler at airport
- Thailand will begin collecting 300 THB tourist fee in June.
- Thailand to Offer Free Covid-19 Tests and Vaccines to Visitors: Here’s How!
- After the outbreak, Thailand’s Tourism Authority will organize its first roadshow in China
- Koh Samui ferries get ready to receive returning Chinese visitors
Be First to Comment