AirAsia load factor at 90% in 3Q


KUALA LUMPUR: AirAsia has kept a high load factor of 89% in the third quarter of 2024 (3Q24) despite it being a seasonally slower quarter, according to Capital A Bhd.

“Third quarter passenger traffic increased by 8% year-on-year (y-o-y) to nearly 16 million on the back of similar growth in seat capacity,” it said in a statement yesterday.

Despite closing down one hangar at the Kuala Lumpur International Airport, Asia Digital Engineering’s (ADE) capacity expanded from seven lines to 12 during the quarter. This followed the launch of the first six lines of its newly constructed 14-line maintenance, repair and operations hangar in August.

ADE completed 13 base maintenance checks, a slight decline compared with the prior year, although the line maintenance checks completed in the quarter surpassed 3,000 – a 17% y-o-y increase driven by the operational launch of ADE in the Philippines and Indonesia.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

AirAsia , Capital A , load factor ,

   

Next In Business News

China bans export of key minerals to US as trade frictions escalate
Diversification key to Malaysia's business survival amid global challenges, says Mida CEO
Cloudpoint unit accepts RM33.6mil contract to implement service management solutions
Ringgit closes lower against US$ as global uncertainty drives investors to safe haven currencies
Northport breaks container and conventional cargo annual records with a month to spare
TMK Chemical's IPO public offer oversubscribed 14.28 times
Solarvest acquires 30% equity in waste gas abatement machine manufacturer
Indonesia expects US$1bil investment commitment from Apple in a�week
Utility, plantation stocks lead Bursa to close at intraday high
MMAG appointed dedicated narrow body freighter operator for MAB Kargo

Others Also Read