AUGUST 2ND, 2016

AirAsia X: Preliminary Operating Statistics For the 2nd Quarter of the Financial Year Ended 2016

AirAsia X Berhad (“AAX” or “the Company”), the long-haul, low cost airline affiliate of the AirAsia Group is pleased to announce its operating statistics for the 2nd quarter 2016 (“2Q16”).

Operating performance in 2Q16 has exceeded expectations despite historically being the leanest quarter, as demand returned across all regions on the back of the ongoing turnaround plan initiated last year.

In 2Q16, the Company recorded a double-digit increase in passengers carried of 27% year-on-year (“y-o-y”), exceeding capacity which grew 13% y-o-y. The capacity injected was well-absorbed with strong demand returned across all regions resulting inPassenger Load Factor (“PLF”) improving by 7 percentage points (“ppts”) to 75% against 68% for the same period last year.

During the quarter, Malaysia AirAsia X (“MAAX”) added frequencies on four routes: Kuala Lumpur – Perth, Melbourne, Sapporo and Osaka, boosted by increasing demand. MAAX also added Tehran to its network and took delivery of two A330s in 2Q16, bringing its total fleet size to 23 aircraft.

Thai AirAsia X (“TAAX”) recorded a healthy PLF of 89%, an increase of 17 ppts from 72% a year ago. TAAX introduced two new routes at the end of 2Q16 from Bangkok Don Mueang to Tehran and Muscat while maintaining a fleet size of 6 A330s. Meanwhile, Indonesia AirAsia X (“IAAX”) recorded PLF of 75%, up 26 ppts y-o-y with an unchanged fleet size of 2 A330s. This brings the AirAsia X Group total fleet size to 31 A330 aircraft as at end-2Q16.

Following a strong 1Q16, AirAsia X remains cautiously optimistic on its operating performance given ongoing regulatory issues, challenging competitive landscape, currency volatility and other external factors beyond the control of the Company. AirAsia X will continue to strengthen its core markets – especially China, where the Company recorded a 18% jump in Chinese arrivals into Malaysia from 12 months ago – and explore other strategic initiatives to ensure sustainable growth going forward.