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Indonesia AirAsia parent turns to Rp782bn loss in 2018

February 28, 2019 / FIRDAUS HASHIM

Indonesia AirAsia's (IAA) parent company, AirAsiaIndonesia, posted an operating loss of Rp782 billion ($55.6 million) for 2018 as the airline was hit by higher fuel and operating costs. The result is a stark contrast to the Rp328 billion operating profit realised in 2017.Revenue for the year to December 2018 rose 11% to Rp4.2 trillion, while expenses jumped 31% to Rp5.52 trillion, due to higher fuel, maintenance, airport charges, and aircraft leasing costs took a hit on the company.Indonesia AirAsia's ASKs grew 10%, higher than RPKs growth of 8% resulting in a two point decline in seat load factor to 82%.