KUALA LUMPUR (July 25): The AirAsia Aviation Group (AAG) maintained its quarterly load factor of 90% in the second quarter of 2024 (2Q 2024), which is two percentage points higher than last year.

Capital A Bhd said AAG, which comprises AirAsia Malaysia, AirAsia Thailand, AirAsia Indonesia, and AirAsia Philippines has achieved a positive performance on the back of increased capacity.

“As of the end of June, the group has reinstated 195 aircraft out of its total fleet of 218, an additional eight aircraft reactivated during the quarter.

“For passenger volume, it continued its upward trajectory, rising by 11 per cent year-on-year (y-o-y) to reach 15.6 million. This outpaced capacity growth of 7%, demonstrating resilience in regional travel demand,” Capital A said in a statement.

The group said that routes to China and India were among the strongest, boasting a robust year-to-date (YTD) load factor of 91%, following visa-free travel implementation at the end of 2023 for China and India travellers.

It said that both domestic and international segments are experiencing similar growth rates, indicating a holistic recovery across AirAsia’s network.

“Excluding Cambodia, passenger numbers are nearing pre-pandemic levels, with YTD recovery reaching 84% of pre-Covid figures, surpassing capacity recovery of 81%,” it said.

As for Santan, the group said the business continued its upward trajectory in 2Q 2024 by recording a 6% y-o-y increase in inflight product sales, reaching nearly 5.2 million units sold.

“This includes food and beverages and duty-free merchandise. On-ground segments — frozen meal and restaurant and cafe — recorded tremendous growth in units sold,” it added.

Capital A said that the Teleport business continued to show growth momentum across its cargo and solutions segments in the second quarter, contributed by better optimisation of service through the dynamic utilisation of capacity from its dedicated freighters and growing partnerships with third-party airlines.

“Teleport continues to remain asset-light while it expands its network reach and improves flexibility in capacity planning, strengthening how it serves both its cargo and e-commerce customers,” it said.

In the cargo segment, Teleport has delivered over 60,000 tonnes during the quarter, a 33% increase from the same quarter in 2023.

Moving on to AirAsia MOVE, Capital A said it has transitioned this year from being a super app that offers grocery shopping and food delivery to becoming a travel platform.

“The overall Monthly Active Users(MAUs) are down by 13% y-o-y, the app’s MAUs have increased by 10% y-o-y,” it added.

Uploaded by Lam Seng Fatt