AirAsia X announces strong 1Q11 results

AirAsia X has reported that in the first quarter of 2011 (1Q11), it carried 0.64 million passengers – an increase of 56.5% over the same quarter in 2010 – and added six new routes: Mumbai, Delhi, Tehran, Seoul, Tokyo, and Paris.

The airline’s fleet size also increased from eight to 11 – nine Airbus A330s and two A340s.

AirAsia X’s traffic grew by 59.8% to 3.6 billion revenue passenger kilometres (RPKs) for 1Q11. Capacity grew by 48% to 4.5 billion available seat kilometres (ASKs). These two figures resulted in a load factor of 81%, an increase of 6 percentage points over 1Q10. All routes that AirAsia X has operated for more than a year have yielded a positive increase in load factor.

The airline says it registered an even higher increase from its cargo operations, where it carried 8,324 tons of freight, up 182.2% from a year ago.

“Our continued rapid growth trajectory is testament to the breakthrough long-haul model that we have pioneered, which unlocks significant latent demand that exists between Southeast Asia and the major markets in North Asia, Australia, India, Middle East and Europe, which is unserved by traditional low-cost carriers,” explained Azran Osman-Rani, CEO of AirAsia X. “The longer range of our aircraft is perfectly suited for the geographically dispersed Asia-Pacific landscape.”

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