The Malaysia-based airline group, AirAsia X reported a 9% year-on-year increase in passenger numbers for the first quarter of 2026, carrying 18.9 million passengers in its inaugural set of consolidated operating results following the integration of AirAsia-branded airlines under a single listed entity.
The group said capacity rose 10% year-on-year to 22.1 million seats, with load factors holding firm at 85%, as operations recovered to 98% of pre-pandemic levels. The consolidated entity includes short-haul affiliates across Southeast Asia alongside long-haul operations, reflecting what the airline described as improved network coordination and operational synergies.
Domestic markets across Malaysia, Thailand, Indonesia and the Philippines were a key driver of growth, while international demand remained strong, particularly on routes to China where load factors reached 85%. The group also reported a strong March performance, carrying 6.3 million passengers, up 19% year-on-year, supported by seasonal travel demand and shifting traffic flows linked to geopolitical disruptions.
Bo Lingam, Group CEO of AirAsia X, said the results “validate the strength of our consolidated model,” adding that passenger demand had remained resilient despite rising fuel costs. “We have seen no significant signs of demand disruption… our March load factor actually increased year-on-year, as guests prioritised the value and connectivity we provide,” he said.
The group said it had responded to higher fuel prices by adjusting fares and surcharges, while maintaining focus on network optimisation and cost discipline. It added that forward bookings into April remained firm, with the airline positioning itself to manage ongoing market uncertainty while sustaining growth momentum.