Airline

Capital A posts strong third-quarter recovery signalling international travel rebound

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Capital A posts strong third-quarter recovery signalling international travel rebound

Capital A Berhad, formerly known as AirAsia Group Berhad, posted a strong recovery with a load factor of 86% since the pandemic. The consolidated airlines carried over 7.1 million passengers with about a 1925% increase year-on-year (YOY) and a 28% increase since Q2. In the third quarter of 2022, the group’s consolidated airlines operated a total of 68 aircraft, restoring 48 aircraft to service compared to a year ago.

The consolidated airlines flew close to 45,000 flights in Q3, up 1460% YoY from less than 3,000 flights flown in the Q3 of 2021 and with more than 9,000 flights compared to the preceding quarter, supported by the upsurge in domestic and international travel demand in key markets.

Seats sold for domestic and international flights increased by 10% and 107% since Q2 of 2022 respectively, signaling a strong rebound for international flight services

AirAsia Malaysia posted a stronger load factor of 86% in Q3 of 2022. Passengers carried and overall capacity increased significantly by 3009% YoY and 2098% YoY to 4.8 million and 5.6 million respectively, with 35 operating aircraft added to support the strong travel rebound for both domestic and international flights. Load factor for international flights achieved 84% while domestic flights were even stronger at 88%. 177 routes were flown during Q3.

Capital A achieved a load factor of 95% on the once busiest international route in the world, Kuala Lumpur-Singapore route, in Q3.  AirAsia Malaysia flew to 57 destinations, of which 41 were international destinations.

AirAsia Indonesia recorded a notable load factor of 82% in Q3. Domestic flights achieved a healthy load factor at 78% while the load factor for international flights was even stronger at 86%.

AirAsia Philippines also posted a marked improvement in load factor at 89% with the number of passengers carried increased by 574% since last year and capacity expanded by 486%. International flights delivered a healthy load factor at 76% while domestic flights remained very strong at 90%.

AirAsia Thailand recorded an improved load factor of 87%, driven by the strong rebound of both domestic and international capacity. Passengers carried increased significantly by 3354% to 2.75 million passengers in Q3 of 2022, largely due to the ongoing traveling momentum. International flights achieved a load factor of 82% while domestic flights remained strong at 89%.

As a group, all the four airlines carried 9.9 million passengers in Q3, recovering 44% of pre-pandemic levels.