Operations in Malaysia and the Philippines posted lower load factors of 82.5% and 76.7%. This was owing  to tighter competitio in Malaysia and strong capacity expansion in the Philippines.

Indonesia, meanwhile, posted the strongest load factor for the year at 82.3% despite the natural disasters in the country.

Among AirAsia associates, Thailand reported a lower load factor of 80.1% and passenger carried declined 3.5% quarter-on-quarter due to seasonality, competition and fewer Chinese tourists due to the Phuket ferry incident. 

In India, AirAsia reported a lower laod factor of 76.2% in the quarter due to aggressive capacity expansion as it plans to start flying international next year.

Japan posted the strongest load factor of 88.6% with traffic volume and seat capacity surging 41% and 26% q-o-q respectively.  

https://www.thestar.com.my/business/business-news/2018/10/29/publicinvest-maintains-outperform-tp-on-airasia/