AirAsia Indonesia Earns Revenue Of IDR 1.74 Trillion In The First Quarter Of 2024

Photo: Doc. Antara

JAKARTA - PT AirAsia Indonesia Tbk posted revenue in the first quarter of 2024 of IDR 1.74 trillion as of March 31, 2024, an increase of 27 percent from IDR 1.37 trillion in the same quarter of 2023.

"The increase in revenue of PT AirAsia Indonesia Tbk (AAID/CMPP) is driven by the high number of domestic and international flight ticket booking activities since recovering from COVID-19," said Indonesian President Director AirAsia Veranita Yosephine in a statement received in Jakarta, quoted from Antara, Thursday, June 13.

Veranita explained that this caused an increase in the number of passengers by 33 percent or 1.62 million with an increase in passenger occupancy rate of 2 pts or 83 percent compared to the first quarter of 2023.

AAID/CMPP also recorded most revenues coming from flight operations, where aircraft seat ticket sales contributed Rp1.47 trillion, followed by revenue from ancillary of Rp255.8 billion and cargo of Rp13.5 billion.

Jakarta became the main source of revenue worth Rp776.7 billion, followed by Denpasar worth Rp638.3 billion. Meanwhile, Surabaya and Medan each recorded a figure of Rp198.8 billion and Rp128.3 billion.

Veranita added, throughout the first quarter of 2024, Indonesia AirAsia has also inaugurated 2 of its newest routes, namely Denpasar Lampung and Jakarta Kota Kinabalu, Malaysia. These two routes are unique routes with direct flights that are only operated by AirAsia Indonesia.

AAID/CMPP will continue to optimize aircraft capacity through plans to open new domestic and international routes that will provide added value to businesses and increase market share.

In addition, it is also an effort to assist the government in increasing tourist visits to a number of tourist destinations.

In the first quarter of 2024, the rupiah exchange rate against the US dollar weakened significantly compared to the first quarter of 2023, from Rp15,062 to Rp15,853 per US dollar which resulted in a loss of Rp304 billion or 39 percent of the total.

Operationally, AAID/CMPP ended the first quarter of 2024 by recording a loss of IDR 777 billion.

Meanwhile, fuel consumption was recorded as one of the main contributors to the main operating expenses of 36.96 percent of the total cost which was also influenced by the increase in fuel prices in the first quarter of 2024.

"Indonesia AirAsia is always committed to continuing to improve the company's sustainability and sustainability strategy, as an effort to assist the government in maintaining the stability of the aviation industry in the country," said Veranita.