KUALA LUMPUR (Aug 10): AirAsia X Bhd (AAX), the low-cost, long-haul affiliate of AirAsia Group Bhd, said today its Malaysia operations carried only 2,291 passengers in the second quarter of 2020 (2Q20) versus 1.46 million a year earlier, as the budget airline maintained minimal operations while the global aviation industry contended with the impact of the Covid-19-driven movement restriction policies to curb the spread of the pandemic.
In a statement today, AAX said during 2Q20, it maintained only minimal operations to support repatriation of travellers, as well as for freight and cargo services.
"The airline had announced the temporary hibernation of its fleet towards the end of 1Q20. To date, the hibernation remains in place as international borders at our destinations remain closed,” it added.
In 2Q20, the airline posted a passenger load factor (PLF) of 38% versus 80% a year earlier for its Malaysia operations. Its PLF is derived by dividing the number of passengers carried by capacity or number of seats flown. Its Malaysia operations’ capacity, meanwhile, fell to 6,032 seats in 2Q20 from 1.81 million seats in 2Q19.
AAX said its Thailand operations reported a PLF of 82% in 2Q20, based on a capacity 377 seats and 309 passengers carried during the quarter.
"Similarly with AAX Malaysia, our Thai associate announced the hibernation of its fleet earlier this year, and remains in hibernation to date,” AAX said.
AAX has a fleet size of 40 Airbus A330s as at end-June 2020. Out of this, its Malaysia operations' fleet size stood at 24 A330s while its Thai associate’s fleet size remained unchanged at 14 A330s. The remaining two A330s are used by its Indonesian operations.
At noon break today, AAX’s share price settled up 0.5 sen or 8.33% at 6.5 sen for a market capitalisation of some RM270 million. The stock saw about 31 million shares traded.