Capital A airlines post strong load factor in 3Q23

Year-to-date, the consolidated airlines have recovered 76% of passenger volume from the first nine months of 2019.

KUALA LUMPUR: Capital A Bhd’s consolidated airlines comprising AirAsia Malaysia, AirAsia Thailand, AirAsia Indonesia and AirAsia Philippines continued to post a strong load factor of 89% in the third quarter ended Sept 30, 2023 (3Q23).

The aviation and digital lifestyle group said it carried 14.7 million passengers on the back of 16.5 million seats capacity on 152 operating aircraft in 3Q23.

“Consistent high travel demand post-pandemic has resulted in solid year-on-year (y-o-y) growth with a three-percentage point improvement in load factor, achieving close to 50% growth in passengers carried, while seat capacity grew close to 45%,” it said in a statement yesterday.

Year-to-date, the consolidated airlines have recovered 76% of passenger volume from the first nine months of 2019, which surpassed the overall capacity recovery of 73% in the same period.

It said all airlines posted high load factors, primarily driven by the growth in international seats sold.

“AirAsia Philippines took the lead with a remarkable 368% y-o-y increase in international passengers carried, flying over 354,000 passengers.

“This is followed by AirAsia Thailand carrying 1.8 million international passengers, up by 164% y-o-y. AirAsia Malaysia and AirAsia Indonesia both showed about 100% y-o-y growth to 3.1 million and 1.1 million international passengers, respectively,” it said.

On its digital segment, Capital A said airasia Move, which was rebranded recently from airasia Superapp, achieved a new record of 15.4 million average monthly active users, up by 61% y-o-y.

“This has led to another new high of 8.3 million transactions, up by 65% y-o-y,” it said.

As for BigPay, it said carded users increased by 14% y-o-y to reach 1.5 million users, while gross transaction value has also shown encouraging progress, rising by 24% y-o-y with broad-based growth across all products.

On the logistics segment, Capital A said Teleport continued to deliver strong quarterly performance in its core operational metrics.

“For cargo segment, we delivered 57,309 tonnes, a 115% increase y-o-y, and this success is further underscored by a healthy belly utilisation rate of 15% (up from 12% y-o-y), an achievement made possible by the return of international flights, which significantly expanded usable belly capacity,” it said.

Meanwhile, the delivery segment continued to post impressive growth, delivering 7.4 million parcels during 3Q23, it said.

“(Year) to date, it has delivered 17.9 million parcels – already more than double the levels achieved in the 2022 financial year,” it added. — Bernama

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