April 19, 2014 4:16 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 2013.

PT Indonesia Airasia Key Developments

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%.

AirAsia Indonesia Opens New Headquarters in Tangerang

AirAsia Indonesia has opened its new headquarter office building near Soekarno-Hatta International Airport, Tangerang. The masterpiece building features a modern designed and equipped with facilities such as a gymnasium, music studio, employee lounge, mosque and a rooftop cafe. To add to the sophistication, a large AirAsia logo is placed on the rooftop, making the office building easily identifiable on Google Maps. AirAsia Indonesia is also committed to preserve the environment, hence the building is designed to be eco-friendly with a good waste management system.

Indonesia AirAsia Announces Traffic Results for the Third Quarter of 2013

Indonesia AirAsia announced traffic results for the third quarter of 2013. For the quarter, the company reported load factor of 75% in thirs quarter of 2013 - down 3 ppt y-o-y contributed from a record capacity of 41% y-o-y. The increase of capacity was part of its capacity management targeting the introduction of more international routes and increasing frequencies on key domestic routes.

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