Capital A’s 3Q passenger demand up 36% q-o-q; reaches 54% of pre-pandemic levels

Capital A’s 3Q passenger demand up 36% q-o-q; reaches 54% of pre-pandemic levels
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KUALA LUMPUR (Oct 26): Passengers carried by Capital A Bhd’s operating joint ventures across Indonesia, Malaysia, the Philippines and Thailand rose 36% to 9.9 million in the third quarter of this year (3Q2022) from the previous quarter, which was 54% of pre-pandemic levels in 2019.

On a year-on-year (y-o-y) basis, total passenger traffic growth was higher at 2,189%.

In 3Q2022, Capital A, formerly known as AirAsia Group Bhd, operated a total of 103 aircraft. Thus, capacity in 3Q2022, measured by available seat-kilometres, was 11,417 million — 44% of pre-pandemic levels.

In a statement on Wednesday (Oct 26), Capital A said AirAsia Malaysia posted a passenger load factor of 86% in 3Q2022, up 2 percentage points (ppts) quarter-on-quarter (q-o-q) and 25 ppts y-o-y.

“Passengers carried and overall capacity increased significantly by 3,009% y-o-y and 2,098% y-o-y to 4.8 million and 5.6 million respectively, with 35 operating aircraft added to support the strong travel rebound for both domestic and international flights. In 3Q2022, AirAsia Malaysia flew to 57 destinations, of which 41 were international destinations,” it said. 

As for its digital businesses, airasia Super App achieved 9.5 million average monthly active users in 3Q2022, up 161% y-o-y.

“The number of transactions increased substantially by 1,953% y-o-y and 139% q-o-q. The improved performance is mainly attributed to our travel vertical, where bookings on our OTA platform (FlyBeyond, offering flights from 700 carriers globally) alongside AirAsia flights, as well as our hotels booking platform have increased in line with the huge resurgence in travel demand, and the rollout of numerous sales campaigns during the quarter.

“As for airasia Ride, the number of completed rides achieved more than 550,000 rides in the current quarter,” it added.     

Capital A noted that BigPay’s users rose to 1.26 million in 3Q2022, recording a 48% y-o-y and 4% q-o-q increase. “The growth was enabled by the launch of more products including Stashes — a budgeting and saving tool to enable users to save and meet their financial goals; 35 new remittance corridors across Europe and the UK; and full availability of BigPay’s personal loans across the user base.”

For Teleport, it transported 26,667 tonnes in 3Q2022, up 21% q-o-q, mainly due to an increase in international belly capacity to capture more market share.

“Delivery orders continued to achieve another record-breaking quarter with 2.7 million delivery orders, up 136% q-o-q. The outstanding growth of delivery orders was due to Teleport securing new marketplace partners,” Capital A said.

Shares of Capital A closed half a sen or 0.81% higher at 62 sen on Wednesday, giving the group a market capitalisation of RM2.56 billion.

Kang Siew Li