AirAsia X Bhd operates in the Air transportation, scheduled sector.
In addition to historical fundamental analyses, the complete report available to purchase compares AirAsia X Bhd with three other
airlines in Asia:
Hanjin Kal
of KOREA (SOUTH)
(2019
sales of 1.20 trillion Korean Won [US$1.06 billion]
of which 76%
was Air transportation),
Jeju Air Co Ltd
of KOREA (SOUTH)
(1.38 trillion Korean Won [US$1.22 billion]
of which 99%
was Air Transportation), and
Pakistan International Airlines
which is
based in PAKISTAN
(164.65 billion Pakistan Rupees [US$1.04 billion]
of which 90%
was Airlines Operations).
Sales Analysis.
Sales levels dropped significantly in the third
quarter of 2020 versus the previous year's third quarter.
During the third
quarter of 2020, sales at AirAsia X Bhd totalled
59.91 million Malaysian Ringgits.
This is a drop of 94.1%
from the 1.01 billion Malaysian Ringgits in sales at the company during the third quarter in 2019.
This was the biggest quarterly decline in sales at AirAsia X Bhd in the previous 28 quarters.
During the first three quarters of 2020, sales totalled 1.08 billion Malaysian Ringgits, which is
66.4% lower
than through the first three
quarters of 2019.
During the previous 9 quarters, sales at AirAsia X Bhd have fallen vis-à-vis the same quarter in the previous year.
AirAsia X Bhd reported sales of 4.23 billion Malaysian Ringgits (US$1.02 billion)
for the
year ending
December of 2019.
This
represents
a
decrease of 7.4%
versus 2018, when the company's sales were 4.57 billion Malaysian Ringgits.