Financial Performance
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Five-Year Financial & Operating Highlights
Select Year
- 2020
- 2021
- 2022
- 2023
- 2024
| (RM MILLION, UNLESS OTHERWISE STATED) |
FOR THE YEAR ENDED 31 DECEMBER |
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| 2020 | 2021 | 2022 | 2023 | 2024 | ||
| Revenue | 3,274 | 1,683# | 6,437 | 14,693 | 20,325 |
| Net total expenses | 8,697 | 4,529# | 7,831 | 15,881 | 20,900 |
| Operating profit/(loss) | -5,422 | -2,846 | -1,394 | -1,188 | -575 |
| Profit/(loss) before taxation | -5,551 | -3,575 | -3,915 | -177 | -391 |
| Taxation | -337 | -146 | -0.51 | -6 | -69 |
| Net profit/(loss) | -5,888 | -3,721 | -3,916# | -183 | -460 |
| Deposits, cash and bank balances | 533 | 1,257 | 470 | 703 | 431 |
| Total assets | 19,866 | 20,030 | 19,928 | 28,953 | 30,736 |
| Net debt (Total debt - Total cash) | 756 | 1,053 | 2,467 | 3,740 | 1,044 |
| Total equity | -3,570 | -6,423 | -9,517 | -10,092 | -10,015 |
| Cash flow from operating activities | -2,168 | -678 | -283 | 1,413 | 3,824 |
| Cash flow from investing activities | 489 | 389 | -209 | -102 | -194 |
| Cash flow from financing activities | -412 | 1,070 | -314 | -1,170 | -3,425 |
| Net Cash Flow | -2,091 | 781 | 806 | 142 | 204 |
| Return on total assets | -29.6 | -18.6 | -19.7 | -0.6 | -1.5 |
| Return on total equity | N/A | N/A | N/A | N/A | N/A |
| R.O.C.E. (EBIT/(Net Debt + Equity)) | N/A | N/A | N/A | N/A | N/A |
| Operating profit margin | -165.6 | -169.1# | -21.7 | -8.1 | -2.8 |
| Net profit margin | -179.8 | -221.1# | -60.8 | -1.2 | -2.3 |
| Passengers carried | 13,309,353 | 4,812,364 | 24,247,725 | 49,250,326 | 63,184,526 |
| Capacity | 17,941,988 | 6,500,182 | 28,931,734 | 55,907,707 | 70,831,032 |
| Load factor (%) | 74 | 74 | 84 | 88 | 89 |
| RPK (million) | 14,268 | 4,149 | 24,378 | 57,389 | 74,562 |
| ASK (million) | 19,121 | 5,723 | 29,196 | 66,164 | 84,673 |
| Aircraft utilisation (hours per day) | 9.6 | 6.2 | 12 | 12 | 11 |
| Average fare (RM) | 175 | 160 | 192 | 224 | 241 |
| Revenue per ASK (sen) | 15.06 | 16.67 | 19.04 | 20.58 | 21.98 |
| Cost per ASK (sen)* | 35.24 | 69.62 | 25.71 | 22.66 | 19.69 |
| Cost per ASK - excluding fuel (sen)* | 24.96 | 62.68 | 15.58 | 13.87 | 11.31 |
| Revenue per ASK (USc) | 3.61 | 4.00 | 4.41 | 4.47 | 4.96 |
| Cost per ASK (USc)* | 8.45 | 16.69 | 5.83 | 4.93 | 4.44 |
| Cost per ASK - excluding fuel (USc)* | 5.98 | 15.03 | 3.54 | 3.02 | 2.55 |
| Number of stages | 98,259 | 35,350 | 157,056 | 352,586 | 387,518 |
| Average stage length (km) | 1,070 | 882 | 1,002 | 1,160 | 1,191 |
| Size of fleet at year end (Group) | 247 | 213 | 209 | 216 | 224 |
| Number of employees at year end (Group) | 18,848 | 14,778 | 16,149 | 21,063 | 21,851 |
| RM-USD average exchange rate | 4.21 | 4.17 | 4.41 | 4.60 | 4.43 |
| Segmental revenue | |||||
| a) Airlines | - | 58 | 86 | 91 | 92 |
| b) Digital | - | 42 | 14 | 9 | 8 |
*excluding one-off items
# Restated
Based on reporting with non-compliance to MFRS 5.