AirAsia holding company reports ‘pleasing’ Q1

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Capital A Berhad (formerly known as AirAsia Group Berhad) announced operating statistics for the first quarter of the financial year 2022 (1Q2022).

Capital A Berhad Consolidated AOCs posted another significantly improved result across key operational metrics including a healthy load factor of 76 percent and capacity of 4.9 million passengers carried respectively in 1Q2022. The number of passengers carried has increased by 284 percent to 3.7 million year-on-year (YoY) in 1Q2022 leading to a 9 percentage points (ppts) improvement in load factor. The group introduced additional capacity of 238 percent YoY to support the surge in demand, alongside relaxed travel restrictions across the group. As a result, Available Seat Kilometres (ASKs) rose by 223 percent and Revenue Passenger Kilometres (RPKs) jumped by 264 percent YoY, primarily attributable to the strong domestic travel rebound and the gradual further easing of travel restrictions in 1Q2022.

For AirAsia Malaysia, the number of passengers carried and the capacity improvement jumped 464 percent and 455 percent respectively, compared to the same quarter in the previous year, off the back of the resumption of a significant number of additional domestic flights and the relaunch of numerous domestic routes to connect people between major cities, particularly during the festive season. In 1Q2022, the load factor increased by 1 ppt YoY to 74 percent. ASKs jumped 475 percent and RPK jumped 476 percent YoY. These very promising achievements were driven by added frequencies of domestic flights in line with increased demand and were also attributed to the promotional campaigns that took place in 1Q2022.

AirAsia Indonesia also achieved a much improved load factor of 76 percent in 1Q2022, which surged 20 ppts YoY. Passengers carried and capacity improved by 126 percent and 141 percent quarter-on-quarter (QoQ), respectively, off the back of additional frequency added for domestic flights, particularly Jakarta to Denpasar and between Jakarta and Medan, to meet huge pent-up demand. The RPK surged 129 percent to 436 million from 190 million QoQ and increased 22 percent YoY from 357 million in the quarter.

AirAsia Philippines has continued to record the group’s highest quarterly load factor at 86 percent, which rose by 12 ppts YoY, uninterrupted by the steep rise of Omicron variant cases in the Philippines during the quarter. In 1Q2022, the number of seats sold and capacity increased 233 percent and 186 percent respectively, compared to the same period last year. Similarly, ASKs and the number of flights flown rocketed 203 percent and 186 percent YoY, with the support of the huge summer demand following the Philippines government’s confirmation of further relaxed travel protocols.

In 1Q2022, AirAsia Thailand carried 1.45 million passengers, up 48 ppts YoY, an impressive increase over the past two consecutive quarters, mainly due to a strong recovery in travel demand and the easing of the entry rules as well as the reopening of the Thailand Pass (Test & Go). Noticeably, international tourist arrivals to Thailand increased as a consequence. Furthermore, AirAsia Thailand has increased its flight frequency and routes to cater for the evolving resurgence in travel demand, eventuating in a 32 percent growth in flights flown to 11,002 flights, in part, from a resumption of international flights. Similarly, the ASKs and the seating capacity also improved by 34 percent on a robust rebound. Moreover, AirAsia Thailand has reallocated its capacity and flights to align with the reviving demand. As a result, the load factor in the reporting quarter was recorded at 73 percent, rising 7 ppts from the same period last year.

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