AirAsia X Berhad ("AirAsia X" or "the Company") is a mid-range low-cost airline operating primarily in the Asia-Pacific region. Established in 2006 as Fly Asian Express ("FAX"), we started out servicing the rural areas of Sarawak and Sabah with turboprop aircraft before undergoing a comprehensive rebranding in September 2007, followed by our first AirAsia X flight to Australia in November 2007.

At the onset of the COVID-19 pandemic in 2020, AirAsia X embarked on a period of hibernation of its scheduled flight operations and commenced its debt restructuring by way of a scheme of arrangement in October 2020, which was completed and formalised on 16 March 2022 following lodgment of the court sanction.

AirAsia X as a Group has since then been on a steady course of recovery as it returned to the skies with scheduled passenger flight operations to Australia (Sydney, Melbourne, Perth, and the Gold Coast), China (Beijing, Hangzhou, Shanghai and Chengdu), India (New Delhi and Amritsar), South Korea (Seoul and Busan), Japan (Sapporo, Tokyo and Osaka), Taiwan (Taipei), Indonesia (Bali), and Saudi Arabia (Jeddah) from two hubs: Kuala Lumpur and Bangkok as of January 2024.

As of 31 December 2023, we maintain a core fleet of 18 A330-300 aircraft, while our associate Thai AirAsia X maintains a fleet size of eight A330-300 aircraft.

Based on a revitalised business model as we return stronger than before, our unit cost base is healthy, with cost per available seat kilometre ("CASK") of 14.90 sen and CASK (excluding fuel) of 6.85 sen for the year ended 31 December 2023. This enables us to continue offering fares and other services that are targeted, on average, to be 30% - 50% lower than full-service carriers.

Over the past year, we continued to witness the rapid recovery of the international travel segment within the industry, and delivering increased value in the coming years.