In a Bursa Malaysia filing today, AAX said revenue during the quarter slid to RM660.80 million from RM669.14 million previously.

“Despite the slight reduction in revenue, the group achieved higher capacity and improved seat utilisation during the quarter, reflecting stronger operational efficiency and sustained passenger demand on key routes,” it said.

For the first six months ended June 30, 2025, AAX posted a higher net profit of RM85.43 million from RM84.94 million in the same period last year, while revenue improved to RM1.60 billion from RM1.58 billion previously.

On prospects, it said as of June 30, the group maintains a fleet of 19 aircraft, with 18 currently operational while the final aircraft reactivation, initially planned for June this year, has been deferred to the second half of the year due to an industry-wide aircraft engine shortage.

“In Q2 2025, the group carried 935,218 passengers on 1.21 million seats, achieving a healthy 83% load factor for both the quarter and the first half of the year.

“The board is encouraged by the performance and remains confident of meeting the published internal targets,” it said, adding that with seasonally strong demand expected in Q4 2025, forward sales remain robust, supported by positive ancillary trends.

AAX said despite continued geopolitical uncertainties, the group maintains prudent management of foreign exchange and fuel price volatility.

“Furthermore, the recent decline in jet fuel prices further supports the group’s efforts to sustain a disciplined cost structure.”