Capital A’s load factor surpasses the 80% level

PETALING JAYA: 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 (2Q23).In a statement, the group said the number of passengers nearly doubled to 14.2 million over 2Q22.

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 the first half of 2019, respectively.

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

“Throughout 2Q23, 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 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.