AirAsia carried 16% more passengers in 2018
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AirAsia Group Bhd Consolidated AOCs carried a total of 12.1 million passengers in the fourth quarter ended Dec 31, 2018 (4Q18), reflecting a 16% growth from 10.4 million passengers carried a year ago. During the quarter, load factor was 4 percentage points lower at 84% from 88% a year ago, due to significant increase in capacity, which rose 21% to 14.3 million from 11.9 million a year ago.
The group said in a statement that its available seat kilometres (ASK) grew 14% year-on-year, in line with the group’s strategy to grow its market share.
For the full financial year ended Dec 31, 2018 (FY18), the group carried a total of 44.4 million, an increase of 14% from 39.0 million passengers carried a year ago.
Capacity grew 18% to 52.5 million from 44.4 million a year ago while load factor fell 3 percentage points to 85% from 88% a year ago. ASK for the period grew 14%.
The consolidated AOCs refers to AOCs whose financial and operational results are consolidated for financial reporting purposes, namely the Malaysian, Indonesian and Philippines AOCs.
In 4Q18, Malaysia AirAsia carried a total of 8.5 million passengers, reflecting a 9% increase from 7.7 million passengers carried a year ago. Load factor fell 5 percentage points to 84% from 89% a year ago.
The Malaysian operations saw a 16% increase in capacity to 10.2 million from 8.8 million a year ago while ASK rose 9% year-on-year.
For FY18, Malaysia AirAsia carried 32.3 million passengers, 11% higher than 29.1 million passengers carried a year ago while load factor fell 4 percentage points to 85% from 89% a year ago.
Capacity grew 16% to 38.0 million from 32.8 million a year ago while ASK rose 12% year-on-year.
Overall, the group carried a total of 74.8 million passengers in FY18, which is an increase of 14% year-on-year. This includes all operations in Malaysia, Indonesia, Philippines, Thailand, India and Japan.
The group also expanded its capacity during the year, with ASK up by 15% and load factor of 85%. The group’s total fleet size closed at 224.
Questions & Answers
Q.Why did AirAsia's load factor drop in the fourth quarter of 2018?
Why did AirAsia's load factor drop in the fourth quarter of 2018?
The load factor fell by 4 percentage points in 4Q18 because there was a significant increase in capacity. Capacity rose by 21% to 14.3 million available seats during that period.
Q.Which AirAsia operations are included in the 'consolidated AOCs' figures?
Which AirAsia operations are included in the 'consolidated AOCs' figures?
The consolidated AOCs' figures include the financial and operational results from AirAsia's operations in Malaysia, Indonesia, and the Philippines. These are consolidated for financial reporting purposes.
Q.How did Malaysia AirAsia's passenger numbers change in the fourth quarter of 2018?
How did Malaysia AirAsia's passenger numbers change in the fourth quarter of 2018?
Malaysia AirAsia carried 8.5 million passengers in 4Q18, which was a 9% increase compared to 7.7 million passengers carried in the same period a year ago. Capacity also rose by 16%.
Q.What was the total number of passengers carried by the entire AirAsia group for the full year 2018?
What was the total number of passengers carried by the entire AirAsia group for the full year 2018?
The entire group, including operations in Malaysia, Indonesia, Philippines, Thailand, India, and Japan, carried a total of 74.8 million passengers in FY18. This represents a 14% increase year-on-year.
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