Capital A airlines' load factor rises to 88% in 2Q23


KUALA LUMPUR: Capital A Bhd's consolidated airlines comprising the Malaysia, Thailand, Indonesian and Philippines divisions of AirAsia registered a load factor of 88% in the second quarter of the year.

In a statement, the group said the number of passengers nearly doubled to 14.2 million over the same quarter in 2022.

There are a total of 16.2 million seats available, operated by 146 of the 166 activated aircraft.

According to Capital A, the consolidated airlines have recovered 73% and 74% of the capacity and passengers carried in 1H19 respectively.

It said that in tandem with the strong resurgence of travel demand, the group's available seat kilometres (ASK) grew to 18,989 million, up 132% year-on-year (y-o-y), and revenue passenger kilometres (RPK) rose 146% y-o-y to 16,312 million.

"Throughout 2Q2023, the domestic performance was incredibly strong and international market traffic remained buoyant with favourable load factor.

"In response to the robust international market demand, the group has reallocated more capacity to international routes to meet the strong resurgence from the international market," it said while announcing group-wide operating results.

In other segments, Capital A's airasia Superapp recorded quarterly average monthly active users (MAU) rose 40% y-o-y to its highest of 15 million in 2Q23.

BigPay's carded users grew 16% y-o-y to 1.4 million users with a 40% increase in gross transaction value (GTV) driven by domestic transactions within the payment an remittance products.

In addition, Marketplace GTV grew 32% y-o-y with the introduction of prepaid mobile top-ups.

The lending segment that was launched in Malaysia in 1Q22, grew 6% y-o-y.

In its logistics segment, Capital A said Teleport moved 45,250 tonnes of cargo, which was a 105% increase y-o-y on the increased cargo belly capacity from the return of international flights and increased utilisation.

Its delivery segment delivered 4.9 million parcels during the quarter, which represents a 321% improvement.

In aviation services, maintenance, repair and overhaul service provider Asia Digital Engineering completed 22 base maintenance checks in 2Q23, up from 12 checks in the same period in 2022 due to the commencement of two additional maintenance lines in Senai.

Line maintenance services also grew substantially by 179% y-o-y, of which 98% were from narrowbody aircraft and remaining 2% from widebody aircraft.

Santan, the group's inflight service provider, recorded 4.8 million units sold in 2Q23,up 189% y-o-y as the demand for inflight products surged in line with the increase in flight frequencies and improved passenger traffic.

Capital A's associate company Ground Team Red (GTR), a ground handling services company, managed nearly 37,000 flights, of which 94% were AirAsia branded, and handled 5.7 million passengers in 2Q23.

In addition, GTR managed 16,787 tonnes of cargo, up 39% YoY, aligned with additional belly capacity in the market due to the increased flight frequencies of domestic and international routes from the ongoing travel recovery.

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Capital A , AirAsia , airlines , Teleport , airasia Superapp , BigPay , Santan , GTR ,

   

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