Low-cost airline Air Asia X is experiencing particularly high demand at the moment, leading to its first net profit since 2019. The carrier's financial year currently consists of six quarters.

For the fifth quarter ended September 30, 2022, it generated a profit of $5,52 million. Sales are reported at $22,02 million. In the previous quarter, it posted a loss of $143,55 million. Sales declined slightly. Management attributes this to lower income in the cargo segment, higher fuel prices and the weakening of the local currency Rigitt.

“While we are cautious given the difficult operating conditions, we remain confident that the company's recovery is within, if not within reach. At the beginning of Q5, AAX recorded three flights per week, which increased to 23 flights per week by the end of the period,” said Benyamin Ismail, CEO.

Corona restrictions have been lifted in many countries in the Asia-Pacific region. This led to a surge in demand. At the same time, this has the consequence that the flight tickets could be sold relatively expensively. Air Asia X recently had an occupancy rate of 73 percent. 80.385 passengers were transported. For comparison: Between April and June 2022 there were only 8.892 travelers.