AirAsia Reports Q1 2016 Operating Results

In Q1 2016, the AirAsia Group reported an average load factor of 86%, up 9 percentage points against the same period last year.

The number of passengers carried increased 17% year-on-year to 13.9 million, well ahead of the 6% increase in capacity. At the end of the first quarter, the group’s total fleet size stood at 170 aircraft (171 including one aircraft that was delivered to AirAsia Japan in Q4 2015 but which has not commenced operation).

Malaysia AirAsia posted a load factor of 85% in Q1 2016, up 10 percentage points y-o-y. Demand exceeded capacity with a 17% increase in the number of passengers carried at 6.48 million and 3% y-o-y increase in capacity. MAA ended the quarter with a total fleet of 80 aircraft. Five new routes commenced operations during the quarter: Kuala Lumpur – Shantou; Kota Kinabalu – Wuhan; Penang – Ho Chi Minh and Yangon; and Langkawi – Guangzhou. Frequencies were added on four routes: Kuala Lumpur – Alor Setar, Colombo and Penang; Kota Kinabalu – Miri.

Thai AirAsia reported a load factor of 88% in Q1 2016, up 5 percentage points y-o-y. The total number of passengers carried increased 18% y-o-y to 4.37 million, ahead of the 11% increase in capacity. During the quarter, TAA took delivery of 2 additional aircraft bringing its total fleet to 47 aircraft. Two new routes commenced operations: Phuket – Wuhan and Bangkok – Luang Prabang.

Indonesia AirAsia’s load factor displayed a marked increase to 79% in Q1 2016, up 9 percentage points. The number of passengers carried increased 2%, despite a capacity reduction of 10% y-o-y. As part of its turnaround plan, in Q1 2016 IAA transferred out two aircraft to the other affiliates (one aircraft to TAA and one to PAA). Its total fleet at the end of Q1 2016 stood at 23 aircraft, which includes 8 aircraft operated by Indonesia AirAsia X.

Philippines AirAsia reported a load factor of 87% in Q1 2016, up 10 percentage points y-o-y. The number of passengers carried was 0.97 million, up 15% y-o-y supported by the increase in capacity of 2% y-o-y. PAA ended the quarter with a total fleet of 14 aircraft.

AirAsia India posted a load factor of 86% in Q1 2016, up 6 percentage points y-o-y. The number of passengers carried was 0.54 million, up by 127% y-o-y. At the end of the quarter, AAI’s total fleet stood at 6 aircraft.

See other recent news regarding: AirAsia