"AirAsia X"

AirAsia X Berhad (AAX) has entered 2024 on a high note. The long-haul low-cost carrier has reported impressive financial results for the first quarter (Q1) ending March 31, 2024.

Overall, the airline has shown a robust growth trajectory which has continued across the opening quarter of the year.

Revenue and Passenger Demand

AAX’s revenue climbed 66% year-over-year (YoY) to RM908.9 million in Q1, fueled by a 90% YoY surge in passengers carried (959,623). This growth reflects a strategic capacity increase, with available seats reaching 1,155,788.

Capitalizing on key festive seasons and school holidays, AAX achieved a solid Passenger Load Factor (PLF) of 83%, a 3% YoY improvement.

Routes to China, India, and Japan boasted the highest PLFs, exceeding 90%. Additionally, AAX’s Available Seat Kilometers (ASK) witnessed a 74% YoY jump, aligning perfectly with robust market demand.

Revenue Streams Diversify

Q1 saw ancillary revenue per passenger soar to a record-breaking RM251, reflecting a 3% YoY growth.

This achievement is attributed to innovative product offerings tailored for specific markets, enhanced personalization features, and a streamlined booking flow.

AAX further boosted this segment by collaborating with SANTAN to introduce popular food and beverage (F&B) options.

Profitability

AAX delivered a net profit of RM80.1 million in Q1, boasting an impressive profit margin exceeding 8% of revenue.

The airline’s Cost per Available Seat Kilometer (CASK) remained the industry leader at 13.93 sen/US¢2.95, demonstrating exceptional cost efficiency.

This represents an 11% reduction compared to the previous quarter, primarily driven by lower operating expenses, including a decline in jet fuel prices, and a strategic increase in ASK capacity.

Network Expansion Strengthens Position

Committed to regaining market leadership, AAX strategically increased flight frequencies to popular Chinese destinations like Chengdu, Beijing, and Shanghai.

Additionally, the airline ramped up services to the leisure hotspot of Bali, Indonesia. Overall, AAX delivered an impressive 85% YoY increase in the number of stages flown (3,184), averaging 135 weekly flights in Q1.

AirAsia X Thailand Takes Off

AirAsia X Thailand (TAAX) also reported strong performance. Revenue surged 52% YoY to RM543.4 million, while a foreign exchange loss of RM55.8 million impacted net profit, resulting in RM46.4 million.

However, at a normalized level, TAAX would have posted a net profit of RM102.2 million, reflecting an 11% YoY increase. Operationally, TAAX witnessed a 51% YoY rise in passengers carried (437,764), leading to a robust PLF of 89%, up 1% YoY.

Demonstrating healthy market demand, TAAX’s seat capacity and ASK capacity surged by 49% and 37% YoY, respectively.

Fleet Optimization and Future Growth

AAX maintains its 18-strong A330 fleet, with 16 currently operational. TAAX reactivated an additional aircraft during the quarter, bringing its operational fleet to six out of seven total A330s.

AirAsia X CEO Benyamin Ismail anticipates the remaining two aircraft to rejoin the operational fleet by July and November 2024. Additionally, the company is actively securing future fleet requirements to support growth ambitions.

Ismail expressed optimism about the recently announced extension of China’s visa-exemption policy until 2025.

He highlighted the strong PLFs in China (around mid-90s) since route relaunch and the success of the new Almaty route in Central Asia, consistently exceeding 90% PLF.

Looking ahead, Ismail emphasized the significance of the Airbus A321XLR aircraft on order. This aircraft, with its extended range and lower operating costs compared to the current fleet, unlocks exciting growth opportunities.

Its reduced capacity allows for more network flexibility and exploration of secondary routes. Ultimately, the A321XLR is expected to lower the break-even point, further enhancing profitability.

Fly-Thru Connectivity and Strategic Alliance

AAX reported a 22% Fly-Thru connectivity rate, led by Australia and India, demonstrating increasingly encouraging synergies with the broader AirAsia Group.

This paves the way for the company’s ambitious growth plans, including the ongoing discussions with Capital A Berhad for a potential acquisition of Capital A’s aviation business.

This proposed merger would create a powerful global low-cost network carrier group under the “AirAsia” brand.

The combined entity would benefit from significant synergies through centralized decision-making and a coordinated network strategy.

Furthermore, the acquisition would grant AAX access to Capital A’s order book of over 400 new aircraft deliveries.

This access is crucial in the current climate of limited growth opportunities due to supply chain constraints impacting aircraft deliveries.

While acknowledging the traditionally softer travel period in the coming quarters, AAX remains confident. The company is encouraged by recent fare trends and a strong cost structure.

AAX plans to optimize aircraft utilization to maintain top-tier efficiency throughout this period.

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AirAsia X Berhad (AAX) has entered 2024 on a high note. The long-haul low-cost carrier has reported impressive financial results for the first quarter (Q1) ending March 31, 2024.

Overall, the airline has shown a robust growth trajectory which has continued across the opening quarter of the year.

Revenue and Passenger Demand

AAX’s revenue climbed 66% year-over-year (YoY) to RM908.9 million in Q1, fueled by a 90% YoY surge in passengers carried (959,623). This growth reflects a strategic capacity increase, with available seats reaching 1,155,788.

Capitalizing on key festive seasons and school holidays, AAX achieved a solid Passenger Load Factor (PLF) of 83%, a 3% YoY improvement.

Routes to China, India, and Japan boasted the highest PLFs, exceeding 90%. Additionally, AAX’s Available Seat Kilometers (ASK) witnessed a 74% YoY jump, aligning perfectly with robust market demand.

Revenue Streams Diversify

Q1 saw ancillary revenue per passenger soar to a record-breaking RM251, reflecting a 3% YoY growth.

This achievement is attributed to innovative product offerings tailored for specific markets, enhanced personalization features, and a streamlined booking flow.

AAX further boosted this segment by collaborating with SANTAN to introduce popular food and beverage (F&B) options.

Profitability

AAX delivered a net profit of RM80.1 million in Q1, boasting an impressive profit margin exceeding 8% of revenue.

The airline’s Cost per Available Seat Kilometer (CASK) remained the industry leader at 13.93 sen/US¢2.95, demonstrating exceptional cost efficiency.

This represents an 11% reduction compared to the previous quarter, primarily driven by lower operating expenses, including a decline in jet fuel prices, and a strategic increase in ASK capacity.

Network Expansion Strengthens Position

Committed to regaining market leadership, AAX strategically increased flight frequencies to popular Chinese destinations like Chengdu, Beijing, and Shanghai.

Additionally, the airline ramped up services to the leisure hotspot of Bali, Indonesia. Overall, AAX delivered an impressive 85% YoY increase in the number of stages flown (3,184), averaging 135 weekly flights in Q1.

AirAsia X Thailand Takes Off

AirAsia X Thailand (TAAX) also reported strong performance. Revenue surged 52% YoY to RM543.4 million, while a foreign exchange loss of RM55.8 million impacted net profit, resulting in RM46.4 million.

However, at a normalized level, TAAX would have posted a net profit of RM102.2 million, reflecting an 11% YoY increase. Operationally, TAAX witnessed a 51% YoY rise in passengers carried (437,764), leading to a robust PLF of 89%, up 1% YoY.

Demonstrating healthy market demand, TAAX’s seat capacity and ASK capacity surged by 49% and 37% YoY, respectively.

Fleet Optimization and Future Growth

AAX maintains its 18-strong A330 fleet, with 16 currently operational. TAAX reactivated an additional aircraft during the quarter, bringing its operational fleet to six out of seven total A330s.

AirAsia X CEO Benyamin Ismail anticipates the remaining two aircraft to rejoin the operational fleet by July and November 2024. Additionally, the company is actively securing future fleet requirements to support growth ambitions.

Ismail expressed optimism about the recently announced extension of China’s visa-exemption policy until 2025.

He highlighted the strong PLFs in China (around mid-90s) since route relaunch and the success of the new Almaty route in Central Asia, consistently exceeding 90% PLF.

Looking ahead, Ismail emphasized the significance of the Airbus A321XLR aircraft on order. This aircraft, with its extended range and lower operating costs compared to the current fleet, unlocks exciting growth opportunities.

Its reduced capacity allows for more network flexibility and exploration of secondary routes. Ultimately, the A321XLR is expected to lower the break-even point, further enhancing profitability.

Fly-Thru Connectivity and Strategic Alliance

AAX reported a 22% Fly-Thru connectivity rate, led by Australia and India, demonstrating increasingly encouraging synergies with the broader AirAsia Group.

This paves the way for the company’s ambitious growth plans, including the ongoing discussions with Capital A Berhad for a potential acquisition of Capital A’s aviation business.

This proposed merger would create a powerful global low-cost network carrier group under the “AirAsia” brand.

The combined entity would benefit from significant synergies through centralized decision-making and a coordinated network strategy.

Furthermore, the acquisition would grant AAX access to Capital A’s order book of over 400 new aircraft deliveries.

This access is crucial in the current climate of limited growth opportunities due to supply chain constraints impacting aircraft deliveries.

While acknowledging the traditionally softer travel period in the coming quarters, AAX remains confident. The company is encouraged by recent fare trends and a strong cost structure.

AAX plans to optimize aircraft utilization to maintain top-tier efficiency throughout this period.

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AirAsia X Berhad (AirAsia X) has kicked off 2024 with positive momentum. The low-cost long haul carrier recorded a significant increase in passenger traffic and network expansion in the first quarter (Q1).

Passenger Demand Soars

AirAsia X achieved a robust Passenger Load Factor (PLF) of 83% in Q1 2024, reflecting a healthy 3 percentage point rise year-over-year (YoY).

This impressive growth comes despite a substantial 74% YoY increase in Available Seat Kilometers (ASK) to 5,039 million, achieved through the addition of more flights to their growing network.

Catering to Peak Demand

AirAsia X effectively met the surge in travel demand during peak seasons, including key holidays and school breaks. This resulted in a remarkable 90% YoY increase in passengers carried, reaching a total of 959,623 in Q1 2024.

Network Expansion Strengthens Connectivity

AirAsia X actively expanded its network throughout Q1 2024. Notably, AirAsia X Malaysia launched its inaugural flight to Almaty, Kazakhstan.

This marks their first entry into the Central Asia market with four weekly services. The airline also boosted frequencies on popular routes to China.

This now sees China service coverage including Chengdu (7 times weekly), Beijing (7 times weekly), and Shanghai (11 times weekly).

Additionally, flight frequency to Bali, Indonesia, was increased to 9 times weekly. These strategic network enhancements contributed to an 85% YoY jump in the company’s number of stages flown, reaching 3,184 during the quarter.

AirAsia X Thailand Maintains Positive Performance

The long haul carrier’s associate company, AirAsia X Thailand, also delivered a strong performance in Q1 2024. They maintained a healthy PLF of 89%, reflecting a slight 1 percentage point rise YoY.

This growth was driven by a significant 51% YoY increase in passengers carried, reaching 437,764 during the quarter.

The reactivation of one aircraft in their operational fleet further bolstered AirAsia X Thailand’s performance.

This resulted in a 50% YoY surge in the number of sectors flown (1,329) and a substantial 37% YoY increase in ASK capacity (2,199 million) for Q1 2024.

Maintaining Fleet Strength

AirAsia X concluded Q1 2024 with a total fleet size of 18 A330 aircraft. Out of these, 16 are currently active and operational. AirAsia X Thailand’s fleet remains at seven A330s, with six currently active.

AirAsia X is a Malaysian long-haul, low-cost airline. It’s the sister company to AirAsia, which is a budget airline focused on shorter routes.

The airline started flying in 2007 and has grown to serve destinations around Asia and Australia.

Here are some key things to know about AirAsia X:

• Low-cost focus: They offer cheaper fares compared to traditional airlines on similar routes, but with fewer frills included in the base ticket price.
• Long-haul routes: AirAsia X operates on routes that are typically longer than what standard AirAsia offers.
• Fleet: They operate a fleet of Airbus A330 aircraft.
• Network: The carrier has a growing network of destinations, including some recent additions in China and Central Asia.

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AirAsia X (AAX) has announced the return of direct flights between Kuala Lumpur and Changsha, China. This move strengthens AAX’s presence in the Chinese market, following their recent inaugural flight to Xi’an.

Starting July 5th, 2024, travelers can fly directly to Changsha, the capital of Hunan Province, with four convenient weekly flights.

Changsha boasts a rich history and cultural significance, being one of China’s first national cities.

Changsha: Major Tourism Drawcard

A major draw for tourists is the world-famous UNESCO World Heritage Site, Wu Ling Yuan (Zhangjiajie). The site was the original inspiration behind the blockbuster movie Avatar.

AAX anticipates strong demand for this route and may expand services based on future needs.

Changsha itself holds numerous accolades, including “China Top Tourist City,” “World Capital of Media Arts,” and “Culture City of East Asia.”

This exciting addition brings AAX’s China network to six destinations, complementing AirAsia Malaysia’s (AK) impressive network of 12 cities within Greater China.

AAX Presence in Fast Growing Region

“China has consistently been a key market for us, and it remains one of our fastest-growing regions,” said AirAsia X CEO Benyamin Ismail.

“By resuming flights to Changsha, we’re solidifying our presence in this vast market, where we’ve held the position of the largest foreign low-cost carrier for some time.”

“In 2019 alone, we welcomed over 140,000 passengers on the Kuala Lumpur-Changsha route, highlighting the strong demand for this service.”

“With pent-up demand at an all-time high, we’re committed to supporting the industry’s recovery and achieving the government’s goal of 27 million international tourist arrivals this year.”

“Our network expansion not only maintains AirAsia Group’s dominance as the largest foreign value carrier by capacity, but also allows AAX to fulfill its mission of making air travel accessible and affordable for everyone.”

Introductory Fares

To celebrate this milestone, AAX is offering special introductory fares starting from RM388 (all-in) one way! This fantastic deal allows you to discover the captivating city of Changsha, with its scenic riverfront and charming streets.

Flights are available for booking now until April 21st, 2024, for travel dates between July 5th and October 26th, 2024. Book your trip on the carrier’s website or the AirAsia MOVE app (formerly known as the airasia Superapp).

Great news for Malaysian travelers! Until November 30th, 2024, Malaysians can enjoy visa-free entry to China for tourist visits lasting up to 15 days.

About AirAsia X

AirAsia X (AAX) is a Malaysian-based long-haul, low-cost airline offering budget-friendly flights to exciting destinations across Asia and beyond.

As a sister company to AirAsia, AAX provides a comfortable and affordable travel option for those seeking adventure without breaking the bank.

Their modern fleet of Airbus A330 aircraft ensures a smooth journey, while their friendly cabin crew provides excellent service.

Whether you’re dreaming of exploring the bustling streets of Seoul, soaking up the sun on a pristine beach in Bali, or embarking on a cultural adventure in China, AirAsia X has a flight to suit your needs.

AAX is known for its commitment to affordability, offering competitive fares and frequent promotions.

They also provide a variety of add-on options to personalize your travel experience, allowing you to choose the level of service that best suits your budget.

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AirAsia X (AAX) has announced the return of direct flights between Kuala Lumpur and Changsha, China. This move strengthens AAX’s presence in the Chinese market, following their recent inaugural flight to Xi’an.

Starting July 5th, 2024, travelers can fly directly to Changsha, the capital of Hunan Province, with four convenient weekly flights.

Changsha boasts a rich history and cultural significance, being one of China’s first national cities.

Changsha: Major Tourism Drawcard

A major draw for tourists is the world-famous UNESCO World Heritage Site, Wu Ling Yuan (Zhangjiajie). The site was the original inspiration behind the blockbuster movie Avatar.

AAX anticipates strong demand for this route and may expand services based on future needs.

Changsha itself holds numerous accolades, including “China Top Tourist City,” “World Capital of Media Arts,” and “Culture City of East Asia.”

This exciting addition brings AAX’s China network to six destinations, complementing AirAsia Malaysia’s (AK) impressive network of 12 cities within Greater China.

AAX Presence in Fast Growing Region

“China has consistently been a key market for us, and it remains one of our fastest-growing regions,” said AirAsia X CEO Benyamin Ismail.

“By resuming flights to Changsha, we’re solidifying our presence in this vast market, where we’ve held the position of the largest foreign low-cost carrier for some time.”

“In 2019 alone, we welcomed over 140,000 passengers on the Kuala Lumpur-Changsha route, highlighting the strong demand for this service.”

“With pent-up demand at an all-time high, we’re committed to supporting the industry’s recovery and achieving the government’s goal of 27 million international tourist arrivals this year.”

“Our network expansion not only maintains AirAsia Group’s dominance as the largest foreign value carrier by capacity, but also allows AAX to fulfill its mission of making air travel accessible and affordable for everyone.”

Introductory Fares

To celebrate this milestone, AAX is offering special introductory fares starting from RM388 (all-in) one way! This fantastic deal allows you to discover the captivating city of Changsha, with its scenic riverfront and charming streets.

Flights are available for booking now until April 21st, 2024, for travel dates between July 5th and October 26th, 2024. Book your trip on the carrier’s website or the AirAsia MOVE app (formerly known as the airasia Superapp).

Great news for Malaysian travelers! Until November 30th, 2024, Malaysians can enjoy visa-free entry to China for tourist visits lasting up to 15 days.

About AirAsia X

AirAsia X (AAX) is a Malaysian-based long-haul, low-cost airline offering budget-friendly flights to exciting destinations across Asia and beyond.

As a sister company to AirAsia, AAX provides a comfortable and affordable travel option for those seeking adventure without breaking the bank.

Their modern fleet of Airbus A330 aircraft ensures a smooth journey, while their friendly cabin crew provides excellent service.

Whether you’re dreaming of exploring the bustling streets of Seoul, soaking up the sun on a pristine beach in Bali, or embarking on a cultural adventure in China, AirAsia X has a flight to suit your needs.

AAX is known for its commitment to affordability, offering competitive fares and frequent promotions.

They also provide a variety of add-on options to personalize your travel experience, allowing you to choose the level of service that best suits your budget.

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Click the photo to join our WhatsApp channel so then you can stay up to date with everything going on in the aviation industry!

AirAsia X (AAX) marked a significant milestone this week, becoming the sole airline offering direct flights between Kuala Lumpur and Xi’an.

The inaugural flight, D7 346, departed Kuala Lumpur International Airport (Terminal 2) at 7:05 pm on April 4, 2024, with a full passenger load.

The excitement continued as the flight landed at Xi’an Xianyang International Airport at 12:30 am local time on April 5, 2024.

AirAsia X Expands Presence in China

This new route adds Xi’an as AAX’s fifth destination in China, joining Beijing (Daxing), Shanghai, Hangzhou, and Chengdu (Tianfu).

This expansion underscores AAX’s commitment to being the largest foreign low-cost carrier in China.

AirAsia X CEO, Benyamin Ismail, expressed his delight. “We’re thrilled to resume service to this prominent Chinese city, making AAX the only airline with direct connections between Kuala Lumpur and Xi’an,” he remarked.

“Flourishing economic cooperation between Malaysia and China, bolstered by visa-free initiatives, makes us confident that this route will be a hit with leisure travelers. It will also significantly boost tourism and trade opportunities for both countries.”

“We’re excited to keep expanding our footprint in China,” Ismail continued. “We’re committed to supporting the government’s goal of welcoming five to seven million tourists from China this year and contributing to the success of Visit Malaysia Year 2026.”

To celebrate this achievement, AAX is offering special fares for travelers eager to explore the captivating city of Xi’an.

Between April 15 and 21, 2024, book your one-way flight from Kuala Lumpur to Xi’an with all-in fares starting from RM488.

These promotional fares are valid for immediate travel until March 31, 2025. Flights can be booked on airasia.com or the AirAsia MOVE app.

About AirAsia X

AirAsia X is a long-haul, budget airline based in Malaysia. It is a sister company of AirAsia, which is Asia’s largest low-cost carrier. AirAsia X began operations in 2007 and currently flies to destinations in Asia and Australia.

Here’s a quick rundown about AirAsia X:

• Type of airline: Long-haul, budget
• Sister company: AirAsia (Asia’s largest low-cost carrier)
• Founded: 2007
• Destinations: Asia and Australia

AirAsia X is known for its affordable fares and comfortable cabins. The airline offers a variety of seat options, including standard economy, premium economy, and flatbeds. AirAsia X also offers a number of in-flight amenities, such as meals for purchase, movies, and music.

In recent years, AirAsia X has faced some financial challenges. However, the airline is still a major player in the long-haul budget market. The low-cost long haul provider has also recently restored services in Vietnam and the east Malaysia region.

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AirAsia X (AAX) is expanding its footprint in Central Asia with the launch of direct flights from Almaty to Kuala Lumpur, Malaysia commencing 14 March 2024 with 4x weekly services every Tuesday, Thursday, Saturday, and Sunday.

This proposed expansion, featuring four-times weekly services every Tuesday, Thursday, Saturday, and Sunday, marks a significant step for the medium-haul airline.

Kuala Lumpur’s Unique Charm

Kuala Lumpur, the bustling capital of Malaysia, beckons travelers with its distinctive skyline, rich cultural heritage, and the harmonious blend of modernity and tradition.

Serving as the gateway to Southeast Asia, this vibrant city offers seamless connections to various destinations in the region.

AAX Chairman Comments

Datuk Kamarudin Meranun, Capital A Chairman, expressed his enthusiasm about this new chapter for AAX, emphasizing the airline’s dedication to exploring new territories.

He stated, “This expansion into the Kazakhstan market is a testament to our vision and determination to resume services to our most popular destinations post-pandemic.”

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The introduction of direct flights to Almaty has the potential to foster significant trade, commerce, and education interchange, creating new employment opportunities.

Kazakhstan’s status as the wealthiest country in Central Asia further adds to the potential for a flourishing partnership between the two regions.

AAX takes pride in offering travelers from Kazakhstan the chance to explore the wonders of Malaysia, featuring great value fares to stunning beaches in Sabah, Kuala Terengganu, and Langkawi.

From the food haven in Penang to UNESCO World Heritage Sites in Sarawak, the airline promises a diverse array of exciting domestic destinations.

Connectivity with Fly-Thru

With AAX’s Fly-Thru connectivity, guests can seamlessly explore the gems of Southeast Asia.

From Kuala Lumpur, it is possible to embark on journeys to Phuket and Krabi in Thailand, Bali and Lombok in Indonesia, Siem Reap in Cambodia, Saigon in Vietnam, and many more.

This new route undoubtedly provides greater travel opportunities but its deeper benefits perhaps lie in the strengthening of bonds between Kazakhstan and Malaysia.

Launch with Promotional Fares

As AAX prepares to inaugurate its flights between Almaty and Kuala Lumpur, travelers can anticipate discovering Malaysia’s beauty, food, culture, and enjoying sunny beaches year-round with warm hospitality.

To mark the occasion, promotional fares starting from USD249 all-in one-way on Economy seats or from USD699 all-in one-way on a Premium Flatbed are available for booking until 24 December 2023.

These special fares are valid for travel between 14 March and 26 October 2024, presenting an incredible opportunity for those eager to embark on this new journey.

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