AirAsia Group lowers Malaysia market recovery expectations

KUALA LUMPUR (Reuters) - Malaysia's AirAsia Group Bhd has lowered its projected recovery rate in Malaysia to 60% of its pre-COVID-19 capacity by year-end, it said on Monday in its third-quarter operating statistics.

The airline in August had said it expected a 70-75% recovery in Malaysia by the last quarter.

AirAsia Group's biggest market, it said it saw a 52% increase in domestic capacity in September compared to 40% in July, but stricter curbs on movement in October due to rising COVID-19 cases had reined in growth.

It said it now expected a return to 45% of pre-pandemic capacity in Indonesia, up from a previous expectation of 35%, but lowered its view on India to 65% from 75%.

It is aiming for its Thai operations to exceed pre-COVID-19 capacity levels.

Group load factor - a measure of how full its planes are - grew 7 percentage points in September versus July, the group said, without providing further detail.

It said passengers carried in that period increased by 36% for Malaysia, 79% for India and 65% for Thailand.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

AirAsia , Covid-19


Did you find this article insightful?


50% readers found this article insightful

Next In Business News

More than just painting the town red
Jobs in the new normal
GLOBAL LNG-Asian spot prices rise on oil surge and heating demand
Airbus re-sells six unwanted jets built for AirAsia
Hong Kong is the real loser from new China copper contract
OPEC+ panel's informal online talks postponed to Sunday
Oil prices post weekly gain ahead of OPEC+ meeting
GLOBAL MARKETS-Stocks at record high but yields fall, US$ pressured
Enhancing sustainable tax revenue
Can Malaysia afford to revamp its corporate tax rate?

Stories You'll Enjoy