AirAsia Berhad reported unaudited consolidated earnings results for the Fourth quarter and full year ended December 31, 2011. For the quarter, the company reported revenue of MYR 1,272,722,000 compared to MYR 1,164,358,000 a year ago. Operating profit was MYR 490,781,000 compared to MYR 432,607,000 a year ago. Profit before taxation was MYR 337,859,000 compared to MYR 388,120,000 a year ago. Profit attributable to the owners of the company was MYR 135,662,000 or 4.9 sen basic and diluted per share compared to MYR 311,082,000 or 11.2 sen basic and diluted per share a year ago. EBITDAR was MYR 662,561,000 compared to MYR 590,691,000 a year ago. The revenue growth was supported by 9% growth in passenger volume while the average fare was 4% higher at MYR 196 as compared to MYR 188 achieved in fourth quarter 2010. Net debt was MYR 5,761 million compared to MYR 5,967 million in previous quarter. For the full year, the company reported revenue of MYR 4,473,818,000 compared to MYR 3,948,095,000 a year ago. Operating profit was MYR 1,198,696,000 compared to MYR 1,066,961,000 a year ago. Profit before taxation was MYR 794,262,000 compared to MYR 1,098,856,000 a year ago. Profit attributable to the owners of the company was MYR 564,147,000 or 20.3 sen basic per share compared to MYR 1,061,411,000 or 38.3 sen basic per share a year ago. Net cash generated from operating activities was MYR 1,343,839,000 compared to MYR 1,619,163,000 a year ago. Purchase of property, plant & equipment were MYR 1,029,933,000 compared to MYR 1,902,833,000 a year ago. EBITDAR was MYR 1,849,396,000 compared to MYR 1,652,637,000 a year ago. The revenue growth was supported by 12% growth in passenger volume while the average fare was slightly lower at MYR 176 as compared to MYR 177 achieved in fiscal year 2010. During the quarter ended December 31, 2011, the Group impaired property, plant and equipment by MYR 17.8 million compared to MYR 7.0 million a year ago. The outlook for the first quarter of the year should be seen in the context of the current higher prices of oil and aviation fuel. However, barring any unforeseen circumstances, the Directors remain positive for the prospects of the Group for the first quarter and remainder of 2012.