September 21, 2014 11:43 PM ET

Airlines

Company Overview of PT Indonesia Airasia

Company Overview

PT Indonesia Airasia offers air transportation services. The company is based in Indonesia. PT Indonesia Airasia operates as a subsidiary of AirAsia Bhd.

,  

Indonesia

Founded in 2007

Phone:

62 215 050 5088

Key Executives for PT Indonesia Airasia

President Director and Chief Executive Officer
Compensation as of Fiscal Year 2014.

PT Indonesia Airasia Key Developments

PT Indonesia Airasia Announces Earnings and Operating Results for the Second Quarter Ended June 30, 2014

PT Indonesia Airasia announced earnings and operating results for the second quarter ended June 30, 2014. For the quarter, the company reported revenue of IDR 1,507.8 billion, 8% higher as compared to the IDR 1,398.2 billion achieved in the second quarter of 2013. The positive growth in revenue can be attributed to higher passenger volumes which increased by 3% year-on-year coupled with the 4% increase in the year-on-year unit passenger revenue. Operating loss was IDR 271.8 billion compared to an operating profit of IDR 87.7 billion for the same period a year ago. Net loss was IDR 340.3 billion compared to a net profit of IDR 51.7 billion for the same period a year ago. Loss before tax was IDR 340,336 million compared to profit before tax of IDR 51,661 million for the same period a year ago. EBITDAR was IDR 46,854 million compared to IDR 290,523 million for the same period a year ago. For the quarter income per passenger decreased by 2% year-on-year. Passengers carried were increased as capacity rose 5% year-on-year while the seat load factor decreased by 1 percentage point to 78% as compared to second quarter of 2013. Passengers carried were 1,986,645 compared to 1,921,839 for the same period a year ago. Capacity was 2,555,280 compared to 2,444,760 for the same period a year ago. RPK was 2,288 million compared to 2,282 million for the same period a year ago. ASK was 2,936 million compared to 2,873 million for the same period a year ago. Revenue per ASK was IDR 513.60 compared to IDR 486.71 for the same period a year ago.

Indonesia Airasia IPO Delayed

PT Indonesia Airasia's initial public offering ('IPO') has been postponed because of Indonesia's presidential election in July 2014. The IPO was projected to unveil in third quarter of 2013 but has now been delayed until second quarter of 2014.

PT Indonesia Airasia Reports Earnings and Operating Results for the Fourth Quarter and Full Year of 2013

PT Indonesia Airasia reported earnings and operating results for the fourth quarter and full year of 2013. For the quarter, the company reported revenue of IDR 1,572.4 billion, 25% higher as be attributed to higher passenger volumes which increased by 33% year-on-year despite the 7% decrease in the year-on-year unit passenger revenue. Operating loss was IDR 369.1 billion compared to an operating profit of IDR 160.7 billion for the same period a year ago. Net loss was IDR 429.3 billion as compared to a net profit of IDR 124.0 billion for the same period a year ago. For the full year, the company reported revenue of IDR 5,821.8 billion, 34% higher as compared to the IDR 4,359.7 billion for the same period a year ago. The positive growth in revenue can be attributed to higher passenger volumes which increased by 34% year-on-year despite the 1% decrease in the year-on-year unit passenger revenue. Operating loss was IDR 125.9 billion compared to an operating profit of IDR 392.1 billion for the same period a year ago. Net loss was IDR 373.9 billion as compared to a net profit of IDR 191.8 billion for the same period a year ago. For the quarter, anciliary income per passenger increased by 14% year-on-year. Passengers carried by Indonesia AirAsia increased as capacity rose 32% year-on-year while the seat load factor remained constant at 76% as compared to fourth quarter of 2012. For the year, anciliary income per passenger increased by 13% year-on-year. Passengers carried by Indonesia AirAsia increased as capacity rose 36% year-on-year while the seat load factor decreased 1ppt to 76%.

Similar Private Companies By Industry

Company Name Region
Wiera Intermoda Utama PT Asia
PT Metro Batavia Asia
Kura Kura Aviation PT Asia
PT Fersindo Nusaperkasa Asia
PT Sampoerna Air Nusantara Asia

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PT Indonesia Airasia, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.