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Philippines Airasia Inc (Philippines)

Main Activities: Scheduled Passenger Air Transportation
Full name: Philippines Airasia Inc Profile Updated: November 15, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Philippines AirAsia Inc. is a low-cost airline operating as the Philippine affiliate of the AirAsia group. Based at Ninoy Aquino International Airport in Pasay City, with additional hubs in Cebu and Clark, the airline provides scheduled domestic and international passenger services using an Airbus A320 family fleet. Its route network includes major domestic destinations such as Cebu, Davao, Caticlan, Kalibo, and Puerto Princesa, as well as regional destinations across Southeast and East Asia. The company supplements passenger operations with ancillary revenue streams including baggage and seat selection services, in-flight meals, travel insurance, and other add-ons, and also provides air cargo and charter services. As part of the AirAsia group, it benefits from shared procurement, maintenance systems, digital platforms, and loyalty programs. Strategically, Philippines AirAsia focuses on maintaining competitive low-cost operations, optimizing its network, leveraging digital distribution through the AirAsia Superapp, and supporting market growth through fleet expansion and improvements in operational efficiency.

Legal Address
Facility 7233 Civil Aviation Complex Clark Freeport Zone Angeles City
Angeles; Pampanga; Postal Code: 2009

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Basic Information
Total Employees:
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Financial Auditors:
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Incorporation Date:
September 07, 1997
Key Executives
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Chairman
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President & CEO
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Director
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Director
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Director
Ownership Details
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98.83%
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1.17%
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Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency PHP. Absolute financial data is included in the purchased report.
Net sales revenue
119.26%
Total operating revenue
122.53%
Operating profit (EBIT)
51.77%
EBITDA
51.77%
Net Profit (Loss) for the Period
42.31%
Total Assets
16.26%
Total Equity
-11.61%
Operating Profit Margin (ROS)
55.54%
Net Profit Margin
59.98%
Return on Equity (ROE)
-9.77%
Debt/Equity
4.18%
Quick Ratio
-0.04%

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