As part of its commitment to transparency and accountability, AirAsia X (AAX) has announced that it will include its internal performance targets in its financial disclosures. This move aims to foster better understanding of the company’s financial health in alignment with Bursa Malaysia’s regulations, allowing investors and stakeholders to make informed decisions.
The introduction of these internal benchmarks reflects AAX’s efforts to enhance corporate governance, offering clear guidance on its financial performance and value-creation potential.
Greater Accuracy in Reporting
By increasing the visibility of revenue, EBITDA, and other crucial financial indicators, AAX aspires to provide a clearer picture of its market standing and growth capabilities.
Under this new framework, AAX will provide consolidated financial guidance that details revenue, EBITDA, and non-margin metrics.
AAX Chair Fam Lee Ee stated: “As we accelerate towards becoming a leading airline group and evolve into one of the region’s largest aviation groups, setting clear financial targets is a critical step in ensuring transparency, accountability, and sustainable growth. Given the scale of our multi-country operations, these targets will serve as our true north, keeping us focused on creating long-term value for our shareholders and broader stakeholders.”
Moreover, Fam emphasizes that this initiative will strengthen accountability across all operational areas, from aviation to non-aviation sectors. He stated, “By establishing structured financial goals, we can enhance efficiencies, refine budgets, formulate realistic forecasts, and influence strategic decision-making. It also presents financial analysts and investors with a deeper insight into our fundamentals and anticipated profitability, ensuring we remain agile and responsive to market changes.”
Moving forward, AAX plans to share these internal targets with each quarterly financial report, starting with its Q4 2024 and Full Year 2024 Financial Results disclosure. It is essential to note that these internal targets are management aspirations and do not represent financial estimates or projections under Bursa Malaysia’s financial disclosure standards.
