Summary
- AirAsia Aviation Group achieved an 88% load consider FY2023, with load aspects consistently exceeding 80% all year long, indicating strong travel demand.
- Domestic recovery was more robust at 82% in comparison with international services at 72%, with AirAsia Indonesia and Thailand leading the way in which with 90% and 85% recovery, respectively.
- Asia Digital Engineering (ADE) saw significant growth in maintenance check activity, with a 50% increase in base maintenance checks and a 92% increase in line maintenance service in FY2023.
This week, Capital A Berhad announced operating statistics for its aviation, digital, logistics and aviation services business segments for the Fourth Quarter (4Q2023) and Full 12 months of the Financial 12 months 2023 (FY2023). The AirAsia Aviation Group has managed to return greater than 160 of its Airbus A320 Family aircraft to service and is now reaping the rewards from the extra capability it may possibly put into the market.
High load aspects are a positive sign for 2024
By placing the 4 regional airlines into the AirAsia Aviation Group, Capital A has made it much simpler to see where the group as an entire is heading because it prepares to be divested to AirAsia X. The group, which incorporates AirAsia Malaysia, AirAsia Thailand, AirAsia Indonesia and AirAsia Philippines, carried nearly 57 million passengers in 2023 in its operational fleet of 162 Airbus aircraft.
Photo: Jaggat Rashidi I Shutterstock
AirAsia is one other carrier that has managed capability effectively by balancing the necessity for higher load aspects to drive profitability with having enough aircraft in service to capture the strong demand still running in Asia. In 2023, the AirAsia Aviation Group reached 77% of its pre-COVID passenger numbers but did so with 74% of the pre-pandemic capability.
The web effect of that discipline is it has recorded load aspects in excess of 80% in every quarter this 12 months and posted an FY2023 load factor of 88%, a year-on-year increase of 5 percentage points. AirAsia said this signified the return of strong travel demand, which was aligned to the group’s relentless effort in injecting capability back into the market and reinstating the route network
The domestic FY2023 recovery is most robust at 82% in comparison with 72% for international services, and throughout the group AirAsia Indonesia and Thailand AirAsia achieved essentially the most substantial recovery at 90% and 85%, respectively, followed by AirAsia Malaysia and AirAsia Philippines.
How the regions performed in 2023
In FY2023, AirAsia Malaysia carried 25.32 million passengers at a load factor of 87% and ended the 12 months with a fleet of 103 Airbus aircraft. There have been 71 back in service, which flew 157,104 stages at a median length of 1,198 kilometers (744 miles). The corresponding figures at the opposite airlines were:
- AirAsia Thailand carried 18.88 million passengers at a load factor of 90% with 52 operational aircraft, operating 114,571 stages with a median length of 1,094 kilometers (680 miles).
- AirAsia Indonesia carried 6.18 million passengers at an 85% load factor using 24 aircraft that flew 40,409 stages at a median length of 1,421 kilometers (882 miles).
- AirAsia Philippines used 15 aircraft on 40,502 stages at a median length of 944 kilometers (586 miles) to hold 6.60 million travelers with a load factor of 91%.
Photo: Phuong D. Nguyen I Shutterstock
Capital A’s maintenance, repair and overhaul (MRO) service provider, Asia Digital Engineering (ADE), also capitalized on the increased flight activity that increased its maintenance check activity. ADE accomplished 50% more base maintenance checks in FY2023 in comparison with FY2022, while line maintenance service increased by 92% year-on-year in FY2023.
The Teleport logistic segment transported nearly 200,000 tonnes of air cargo in FY2023 using its two freighter aircraft. In FY2023, the utilization rate increased to 14%, in comparison with 12% in FY2022, resulting from the return of international flights with more freight capability and the induction of Teleport’s first two dedicated Airbus A321F freighter aircraft.
The Teleport delivery segment moved 29.9 million parcels in FY2023, a 275% year-on-year growth, in comparison with just 7.9 million in 2022. Within the fourth quarter, day by day parcel deliveries surpassed 130,000 for the primary time, with higher-than-expected Christmas and holiday season demand driving purchases and deliveries.
Have you ever flown with any of the AirAsia airlines this 12 months? Tell us within the comments.