Air Asia Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 03:25 pm EDT
Share
Air Asia Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 1,280.39 million compared to TWD 1,017.09 million a year ago. Net loss was TWD 29.24 million compared to net income of TWD 16.52 million a year ago. Basic loss per share from continuing operations was TWD 0.18 compared to basic earnings per share from continuing operations of TWD 0.1 a year ago. Diluted loss per share from continuing operations was TWD 0.18 compared to diluted earnings per share from continuing operations of TWD 0.1 a year ago.
For the six months, sales was TWD 2,390.37 million compared to TWD 1,886.87 million a year ago. Net loss was TWD 26.65 million compared to net income of TWD 2.61 million a year ago. Basic loss per share from continuing operations was TWD 0.16 compared to basic earnings per share from continuing operations of TWD 0.0186 a year ago. Diluted loss per share from continuing operations was TWD 0.16 compared to diluted earnings per share from continuing operations of TWD 0.0186 a year ago.
Air Asia Co Ltd is a Taiwan-based aircraft maintenance company which provides aviation maintenance, parts and accessories maintenance, outsourcing repairs and aviation material trading, fleet maintenance and repair and replenishment installation pricing services to commercial and military aircrafts and helicopters. The Companyâs business includes the repair, leasing and trading of aircraft and related equipment, the manufacturing and assembly of aviation accessories and equipment, the repair of precision industrial equipment, and agents and consultants for the above businesses. The Company also engages in overall fleet logistics support and entrusted operations management. The maintenance business mainly includes the maintenance, repair, renovation and testing of aircraft and helicopter, the processing and repair of aircraft and helicopter parts and components, the renovation and testing of aircraft and helicopter engine, the overhaul and testing of avionics and others.