Friday, 4 August 2017

(The Star) Strong demand pushes AirAsia load factor up

PETALING JAYA: Strong demand for air travel buttressed by the expansion of AirAsia Group’s routes and frequencies, led the low-cost carrier to register a stronger load factor at 88% in the second quarter ended June 30, 2017.

The airline group announced that its load factor for the quarter in review was up by three percentage points compared to a year earlier.

The total number of passengers carried by its operations in Malaysia, Thailand, India, Indonesia and the Philippines, increased by approximately 14% on a year-on-year (y-o-y) basis to 15.81 million.

The surge in total passengers represented more than the 11% increase in capacity.

AirAsia Bhd Consolidated AOCs, which consists of airline operations in Malaysia, Indonesia and the Philippines, achieved a load factor of 89%, an increase by two percentage points from the same period last year.

“Strong demand for air travel helped the number of passengers carried to increase by 10% y-o-y to 9.61 million, more than the 8% increase in capacity.

“Thai AirAsia (TAA) reported a load factor of 86% y-o-y, up by three percentage points compared to a year earlier.

The number of passengers carried during the quarter was 4.69 million, an increase of 13% y-o-y, which was higher than the 9% growth in seat capacity.

“On the other hand, AirAsia India reported load factor of 90% y-o-y, up by three percentage points.

he number of passengers carried increased 89% y-o-y to 1.01 million, more than the 83% increase in capacity,” said AirAsia in a press release.

With regard to the low-cost carrier’s aircraft strength, AirAsia noted that the group’s total fleet size stood at 178 aircrafts, at the end of the second quarter.

“Note that the figure excludes two aircrafts which were delivered to AirAsia Japan but yet to commence operation.

“AirAsia Bhd Consolidated AOCs ended the quarter with a fleet size of 106 aircraft, comprising 77 aircraft registered in Malaysia, 14 in Indonesia and 15 in the Philippines.

TAA took an additional aircraft during the quarter and compared with the same period last year added five aircraft, thus ending the quarter with a total of 54 aircraft.

“Apart from that, AirAsia India ended the second with a fleet size of 10 aircraft after adding one aircraft during the quarter,” the group added.

At the close of trading yesterday, the Main Market-listed AirAsia’s share price was up by 0.62% to RM3.26, with 7.96 million shares done.