Capital A Berhad has released its operational statistics for various segments, including aviation, digital, logistics, and aviation services, for the Third Quarter of the Financial Year 2023, showcasing significant growth and achievement in multiple areas.
Aviation Segment Soars to New Heights
In the aviation sector, AirAsia Philippines has emerged as a frontrunner with a remarkable 368% Year-on-Year (YoY) surge in international passengers carried, flying over 354,000 passengers. From July to September 2023, the airline carried 1,641,107 passengers, a notable 35% increase compared to 2022 figures of 1,219,055.
Following closely, AirAsia Thailand witnessed a 164% YoY increase, carrying 1.8 million international passengers. AirAsia Malaysia and AirAsia Indonesia both exhibited around 100% YoY growth, carrying 3.1 million and 1.1 million international passengers, respectively.
As a group, AirAsia Philippines, AirAsia Malaysia, AirAsia Thailand, and AirAsia Indonesia achieved an impressive load factor of 89%, carrying 14.7 million passengers with 16.5 million seat capacities on 152 operating aircraft. The consistent high travel demand post-pandemic led to a three percentage point improvement in the load factor, resulting in nearly 50% growth in passengers carried, while seat capacity increased by approximately 45%. Year-to-date, the Consolidated Airlines have now recovered 76% of passenger volume from 2019, surpassing the overall capacity recovery of 73% for the same period.
MOVE DIGITAL – A Thriving Ecosystem
The recently rebranded airasia MOVE (formerly airasia Superapp) achieved a new record with 15.4 million average Monthly Active Users, marking a 61% YoY increase. This surge led to 8.3 million transactions, up by 65% YoY. Gross Booking Value (“GBV”) demonstrated significant progress across all business segments, with an impressive 61% YoY growth.
- Travel: Achieved a 62% GBV improvement driven by the upsurge in passengers carried and expanded offerings, including hotels and flights.
- Ride-hailing: Experienced over 100% increase in GBV, driven by the incremental sign-up of drivers to deliver services, especially in the airport ride segment.
- airasia rewards and other businesses: Recorded a 13% GBV growth, primarily attributed to travelers’ increased preference for a seamless booking experience on a single platform, coupled with the ability to earn and redeem loyalty points across the airasia MOVE ecosystem.
BigPay continued to thrive, with carded users increasing by 14% YoY, reaching 1.5 million users. Gross Transaction Value (“GTV”) displayed a promising growth of 24% YoY across all products, backed by stronger collaboration with airasia MOVE.
- Payment: All payment services saw an upward trend, with closed-loop payments within the ecosystem growing by 47% YoY.
- Remittance: Domestic transactions delivered strong growth, up 122% YoY, while international remittances GTV grew by 11% YoY.
- Lending: New loan disbursements reached a record high, growing by 202% YoY, attributed to enhanced credit scoring methodology.
- Marketplace: GTV grew by 42% YoY, largely due to the uptake in mobile prepaid top-ups.
Teleport’s Remarkable Performance
Teleport continued to excel in its core operational metrics:
- Cargo segment: Delivered 57,309 tonnes, a substantial 115% increase YoY.
- Delivery segment: Impressive growth was observed, with 7.4 million parcels delivered during Q3 2023.
Teleport’s first dedicated A321F aircraft, Awan, marked a significant milestone by flying its first international flight to Hong Kong in August 2023. The company continues to build capacity through strategic third-party airline partnerships.
Asia Digital Engineering (“ADE”)
Asia Digital Engineering (ADE), a Maintenance, Repair, and Overhaul (“MRO”) service provider, experienced strong growth due to increased flight activity and heightened demand for maintenance checks across AirAsia and other airlines.
- Base maintenance: A 58% increase in the number of checks completed in Q3 2023 compared to the previous year.
- Line maintenance: 44% YoY increase in line maintenance services in tandem with the surge in flight frequencies.
Santan – Inflight Culinary Success
Santan, the Group’s inflight service provider, recorded five million units sold in Q3 2023, representing an 86% YoY increase. Perishable and non-perishable food and beverages contributed to 97% of total units sold, underscoring the appeal of Santan’s inflight culinary offerings.
Ground Team Red (GTR) – Impressive Growth
The Group’s affiliated ground handling services company, GTR, demonstrated continuous growth:
- Flight handling: Serviced over 38,000 flights, a 37% YoY increase.
- Passenger handling: Managed 5.8 million passengers, a 47% YoY increase.
- Cargo handling: Managed nearly 24,000 tonnes of cargo, a 78% YoY increase.
Capital A Berhad’s strong performance across its diverse segments in Q3 2023 is a testament to its resilience and adaptability in a rapidly changing market. The company’s ability to meet evolving consumer demands and capitalize on growth opportunities highlights its position as a leader in the industry.