AirAsia X Berhad (“AAX” or “the Company”), the long-haul, low cost airline affiliate of the AirAsia Group is pleased to announce its operating statistics for the 3 rd quarter 2016 (“3Q16”). Operating performance in 3Q16 has exceeded expectations despite huge capacity added during the quarter. The number of passengers carried during the reported period saw a whopping 35% increase year-on-year (“YoY”) to 1.22 million, exceeding capacity addition of 29%.
The double digit growth of passengers carried was partly attributed to the strong demand for travel observed from North Asia and amongst Malaysians during double Eid celebrations in July and September as well as Malaysia Day long weekend. The Company continues to stimulate demand to fill up the additional capacity injected in 3Q16, by achieving a marked improvement in Passenger Load Factor (“PLF”) of 78%, up 3 ppts YoY, on the back of 34% YoY growth in Available Seat per Kilometers (“ASK”) to 7,749 million in 3Q16. It is worth to note that all of the aforementioned growth achieved despite Quarter 3 historically being one of the leanest quarters.
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foreign_fund
So AAX can huat? Who else?
2016-11-19 14:19