{"id":239728,"date":"2024-07-30T06:15:00","date_gmt":"2024-07-29T23:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=239728"},"modified":"2024-07-29T19:59:48","modified_gmt":"2024-07-29T12:59:48","slug":"capital-a-reports-a-90-load-factor","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2024\/07\/capital-a-reports-a-90-load-factor\/","title":{"rendered":"Capital A reports a 90% load factor"},"content":{"rendered":"\n

KUALA LUMPUR, 25 July 2024: Capital A has announced operating statistics for its Capital A Aviation Services (CAPAS) for the second quarter of the financial year 2024, indicating the group’s airlines achieved a 90% load factor and flew more than 15.6 million passengers.<\/p>\n\n\n\n

Emerging from a seasonal peak in the first quarter, the aviation group \u2013 AirAsia Malaysia, AirAsia Thailand, AirAsia Indonesia, AirAsia Philippines, and AirAsia Cambodia \u2014 maintained its record-breaking quarterly load factor of 90% in 2Q2024, up by two percentage points year-on-year due to increased capacity.\u00a0<\/p>\n\n\n

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\"\"<\/figure>\n<\/div>\n\n\n

As of the end of June, the group had reinstated 195 aircraft out of its total fleet of 218 \u2013 an additional eight aircraft were reactivated during the quarter. During the 1H2024, the airline reported more than 30 million passengers carried.<\/p>\n\n\n\n

Passenger volume continued its upward trajectory, rising by 11% YoY to reach 15.6 million during the 2Q2024. This outpaced capacity growth of 7%, demonstrating resilience in regional travel demand. Routes to China and India were among the strongest, boasting a robust Year-to-Date (\u201cYTD\u201d) load factor of 91%, following visa-free travel implementation at the end of 2023 for China and India travellers. Additionally, 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%. <\/p>\n\n\n\n

AirAsia MOVE<\/strong><\/p>\n\n\n\n

AirAsia MOVE has transitioned this year from being a super app that offers grocery shopping and food delivery to becoming a travel platform. The focus is to grow flights, hotels, and airport rides as well as build duty-free and activity products. The priority is to grow the app user, as it provides a higher lifetime value. While overall Monthly Active Users (MAUs) are down by 13% YoY, the app’s MAUs have increased by 10% YoY.  <\/p>\n\n\n\n

Travel: Flight overall transactions are down due to value challenges within the OTA landscape. In response, AirAsia MOVE is enhancing its fare-tracking system and driving targeted promotions to regain competitiveness. Recovery is expected in 3Q2024 and will be back to the 2023 level by 1Q2025. Conversely, Hotels are on a strong trajectory, posting a 33% YoY growth mainly attributed to improved personalisation and inventory.<\/p>\n\n\n\n

Ride Hailing: Airport ride bookings are down 10% year over year, but the completion rate has improved by 2% year over year. Moving forward, AirAsia MOVE is focusing more on demand generation and improving the driver app.    <\/p>\n\n\n\n

AirAsia Rewards and other businesses: Rewards net revenue grew by 45% YoY due to higher point issuance and improved point redemption rates. To grow, AirAsia MOVE focuses on onboarding more external partners to join the rewards programme.<\/p>\n\n\n

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\"\"<\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, 25 July 2024: Capital A has announced operating statistics for its Capital A Aviation Services (CAPAS) for the second quarter of the financial year 2024, indicating the group’s airlines achieved a 90% load factor and flew more than 15.6 million passengers. Emerging from a seasonal peak in the first quarter, the aviation group […]<\/p>\n","protected":false},"author":22,"featured_media":239730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[469,1321],"tags":[],"class_list":{"0":"post-239728","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"category-malaysia-mekong-region"},"yoast_head":"\nCapital A reports a 90% load factor - TTR Weekly<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ttrweekly.com\/site\/2024\/07\/capital-a-reports-a-90-load-factor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Capital A reports a 90% load factor - TTR Weekly\" \/>\n<meta property=\"og:description\" content=\"KUALA LUMPUR, 25 July 2024: Capital A has announced operating statistics for its Capital A Aviation Services (CAPAS) for the second quarter of the financial year 2024, indicating the group’s airlines achieved a 90% load factor and flew more than 15.6 million passengers. 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