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AirAsia now in a “better position”, expects strong load factors for 2010

12-Nov-2009

AirAsia CEO, Tony Fernandes stated the carrier is now in a “better position”, and expects the carrier’s load factor to remain strong in 2010, after reporting a load factor of 75% for 2Q2009. According to Mr Fernandes, passenger numbers have been up, even during the puasa (fasting) month, ancillary income has continued to rise and the carrier is obtaining rights to a number of new destinations. [2201 words]

Unlock the following content in this report:

Subheadings:

  • Defers delivery of eight A320s
  • Lists private placement of 380 million new shares
  • Planning to expand cargo business
  • Obtains landing rights in Paris
  • Turning focus to India network
  • Pays outstanding charges to Malaysia Airports Holdings Bhd
  • Partnership agreement with Amadeus changing LCCs approach to distribution
  • Launches campaign to brand itself as “high quality, sleek and cool”

Graphs and data:

  • AirAsia revised A320 delivery schedule for deferred 2011 aircraft
  • AirAsia revised aircraft delivery schedule: 2009 to 2015
  • AirAsia Kuala Lumpur route network: Nov-2009
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