AirAsia X posts strong Q1 results

AIRASIA X, the longhaul affiliate of Malaysia-based low-cost carrier (LCC) AirAsia, recorded stellar results for the first quarter of the year.

The airline carried 640,000 passengers in the first quarter of 2011, a year-on-year increase of 56.5 per cent. It added six new routes during the same period, to Mumbai, Delhi, Tehran, Seoul, Tokyo, and Paris, while its aircraft fleet size increased from eight to 11.

AirAsia X CEO, Azran Osman-Rani, said: “Our continued rapid growth trajectory is testament to the breakthrough longhaul model that we have pioneered, which unlocks significant latent demand that exists between South-east Asia and the major markets in North Asia, Australia, India, Middle East and Europe, which are unserved by traditional low-cost carriers.”

AirAsia X’s first quarter passenger traffic grew by 59.8 per cent year-on-year to 3.6 billion Revenue-Passenger-Kms (RPKs), making it the second largest LCC in South-east Asia, after AirAsia Malaysia.

Its capacity grew by 48 per cent during the same period to 4.5 billion Available-Seat-Kms (ASKs), resulting in a load factor of 81 per cent, an increase of six percentage points over the same quarter last year.

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