Capital A Berhad has announced its first quarter results for the financial year 2023, which saw its passenger carried jump from 5.2 million to 13.2 million this quarter representing a 153% growth. The Group operated 14.8 million seats, 71% of 1Q2019 levels, with load factor of 89%, at par with pre-pandemic levels.
In a statement Capital A said the aviation segment continues to grow strongly towards a full recovery, buoyed by sustained demand for international travel, alongside the re-opening of China. A total of nine China destinations were relaunched, with Guang Zhou and Shen Zhen experiencing the highest passengers carried. The overall load factor for China’s routes was 84%, representing 2.5% of the total international passengers. The consistent international demand prompted all airlines to increase international capacity by 21% while the domestic market remained stable with a slight improvement of 2% QoQ.
At 88%, AirAsia Malaysia’s quarterly load factor improved by 1 percentage point from 4Q2022 and 1Q2019. The airline carried 2.3 million international passengers, a surge of 17% QoQ. This was driven by the 19% increase in international capacity boosted by the extended Lunar New Year holiday where the Kuala Lumpur – Singapore route contributed more than 10% of the total international passengers carried. Despite a slight drop of 1% QoQ in domestic capacity, passengers carried grew by 3% leading to an impressive 92% load factor, achieving close to 75% of pre-pandemic levels.
AirAsia Thailand maintained its impressive record with the highest quarterly load factor of 92%, up 2 ppts QoQ. Notably, China’s routes achieved an astounding load factor of 90%. Up by 3 ppts QoQ, AirAsia Indonesia posted a healthy load factor of 81% in the first quarter. 8,375 flights were flown carrying 1.2 million passengers, of which 69% flew to international destinations. The recovery for AirAsia Philippines is also progressing well, with the number of flights, seat capacity, and passengers carried recovered to between 83% and 84% of pre-pandemic levels.
airasia SuperApp recorded 12.9 million average Monthly Active Users (“MAU”) in 1Q2023, up by 12% QoQ, while the number of transactions reached 5.98 million, up by 99% YoY but down by 19% QoQ.
Teleport continues to grow its e-commerce delivery business and has added dedicated freighter capacity to extend its mid-mile offering. This enhanced scale capability allied with the addition of new large accounts saw 5.7 million parcels delivered in 1Q2023, equivalent to 71% of FY2022 total volume in just three months. This also represents a 502% increase YoY.
The group said it has made significant progress in the new year, with passengers and capacity exceeding 70% recovery levels. In addition to that, our digital and logistics businesses are reaping the rewards as travel takes off. Our focus remains on reactivating all of our 210 aircraft while providing a seamless travel experience to our guests.
