AirAsia records 87% load factor in Q1

PETALING JAYA: Low-cost carrier AirAsia Group Bhd recorded a load factor of 87% for the first quarter of 2018 (Q1 2018), down two percentage points (ppts) from the same period last year.
AirAsia said in a statement that it registered a 19% increase in seat capacity during the quarter under review, while total passengers carried increased by 16% year-on-year (yoy) to 10.65 million, in line with the added capacity.
In the quarter under review, the group's total fleet size grew to 123 aircraft, comprising 87 in Malaysia (AirAsia Bhd), 15 in Indonesia (PT AirAsia Indonesia Tbk) and 21 in the Philippines (Philippines AirAsia Inc).
It added that Thai AirAsia posted a load factor of 91% in Q1 2018 (up two ppts), Indonesia AirAsia 80% (down three ppts), Philippines AirAsia 87% (down five ppts) and AirAsia India 83% (down six ppts).
At 4.25pm, AirAsia's share price rose 20 sen or 5.3% to RM3.94, with some 8.06 million shares changing hands.