Malaysian Capital A (AirAsia) Reports Q3 Results


LONDON – Capital A Berhad, formerly known as AirAsia Group Berhad, announced impressive operating statistics for its aerospace, digital and logistics businesses for the quarterly year 2022.

Airlines under current ownership have enjoyed uninterrupted growth, despite headwinds such as oil prices. These airlines impressively achieved a record 86% load factor, the highest since the pandemic.

In fact, the 4 carriers combined from Malaysia, Thailand, Indonesia and the Philippines carried 7.1 million passengers, a 1925% increase year-on-year and a 28% increase in quarter to quarter respectively.

In total for this quarter alone, the group airlines have 68 aircraft in operation and are restoring 48 aircraft in service compared to the same period in 2021. The combined airlines carried out almost 45,000 flights during the quarter, this which rises to 1,460% year-on-year. -year less than 3,000 flights performed over the same period with more than 9,000 flights compared to the previous quarter.

This growth is fueled by an increase in demand for domestic and international travel. To put that into perspective, seats sold for domestic and international flights were up 1% and 107% QoQ respectively, signaling a very strong and optimistic recovery.

At the same time, available seat kilometers increased by 1,760% year-on-year, while revenue passenger-kilometres rose sharply by 2,408% year-on-year.

Air Asia Malaysia

The Malaysian or its main subsidiary posted an impressive load factor of 86% in the 3rd quarter of 2022, up 25% over one year and 2 points over one quarter. The airline carried and its overall capacity increased an impressive 3009% year-on-year and 2019% year-on-year to 4.8 million and 5.6 million.

The Malaysian branch operates a total of 35 aircraft, which is well positioned to grow within its own borders and internationally. The load factor of international flights was slightly lower than that of domestic flights at 84% compared to 88%.

AirAsia Indonesia

The Indonesian branch recorded an impressive 82% lay rate in the third quarter. This is an increase of more than 43 percentage points year over year. In addition, domestic flights reach a good occupancy rate of 78%, while international flights however reach a maximum of 86%. Passenger numbers and capacity show significant improvement with a year-on-year increase of 6872% and 3263% year-on-year.

Air Asia Philippines

The Philippines branch saw an impressive load factor improvement to 89% in the quarter. This is a year-over-year growth of 12 percentage points. In the third quarter alone, the number of passengers carried increased by 574% year-on-year and a capacity increase of 486% year-on-year. International flights have also received good feedback, with a healthy 76% load factor, while domestic flights remain the kingmaker at 90% and above.

AirAsia Thailand

The Thai branch saw a significant load factor improvement of 87%, which translates to 27 percentage points and is driven by the strong rebound in domestic and international capacity. The number of passengers transported is extremely impressive and shows a growth of 3354% to 2.75 million passengers in the third quarter of this year.

This is due to the increase in tourism entering the Kingdom. International flights reached an 82% load factor. For domestic flights, the load factor is 89%. This translates into an average capacity in seats per kilo which increases sharply by 2,792% and 2,263% year-on-year. The number of aircraft in operation during this quarter increased to 35, less than 60% of its total fleet.

In all

Together, the four airlines successfully carried 9.9 million passengers in the third quarter with 103 aircraft. Capital A Group has soared after leaving the pandemic behind, and it shows in its impressive load factors.


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