AirAsia has more than tripled its profit after tax to ringgit (M$) 1.88 billion ($606 million) for the fiscal year 2012.
The company's bottom line was boosted by the sale of a stake in Thai AirAsia after the associate carrier's initial public offer, which netted AirAsia M$1.16 billion.
For the 12 months ended 31 December, the carrier's total revenue increased by 11% to M$5 billion, as passenger numbers increased by 9% to 19.7 million. Average fuel price rose by 1% for the year.
For the fourth quarter of 2012, the airline more than doubled its profit after tax of M$351 million, while its revenue increased by 10% to M$1.41 billion. Its passenger numbers increased by 7% to 5.21 million.
In 2012, Thai AirAsia's profit after tax decreased by 11% year on year to baht (Bt) 1.81 billion ($60.7 million), as revenue increased by 20% to Bt19.4 billion and passenger numbers increased by 21% to 8.3 million.
In Q4 2012, Thai AirAsia's profit after tax increased by 22% year on year to Bt740 million, while its revenue increased by 28% to Bt5.62 billion. Passenger numbers for the quarter grew by 25% to 2.27 million.
Indonesia AirAsia's 2012 profit after tax more than doubled to rupiah (Rp) 142 billion ($14.6 million), its revenue went up by 18% to Rp4.36 trillion and passenger numbers rose by 17% to 5.85 million.
Indonesia AirAsia's Q4 2012 post-tax profit more than tripled to Rp74.3 billion as revenue increased by 31% to Rp1.26 trillion. Passenger numbers for the quarter was up by 29% to 1.61 million.
Looking ahead to 2013, the airline says that its main focus will be to keep costs as low as possible.
AirAsia group chief executive Tony Fernandes sees Malaysia, Thailand and Indonesia as the group's main focus for the next few years, followed by Japan and Philippines.