AirAsia X is considering plans to launch a secondary listing on the London Stock Exchange in 2011 with the carrier’s primary listing to be based in Malaysia (ttglive.com/cityam.com, 21-Jun-2010). Funds from the IPO will be used to purchase 27 new aircraft over the next ten years.
AirAsia X considers secondary listing on the London Stock Exchange
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Southeast Asia-US market Part 3: new nonstops need to overcome stiff one-stop FSC & LCC competition
Southeast Asian airlines are seeking to capture a larger share of the Southeast Asia-US market over the next few years as they launch new flights to the US. Three of the region’s flag carriers and at least one long haul LCC are planning to launch flights to the US, intensifying competition in an already fiercely competitive market.
Southeast Asian airlines currently account for less than a 20% share of the total Southeast Asia-US market. Philippine Airlines and Singapore Airlines are the only significant players in this market and are aiming to increase their share as they add new nonstop routes. Garuda Indonesia, Thai Airways and Vietnam Airlines are also keen to become significant players as they launch flights to the US, replacing their now limited offline products.
However, market share gains will likely come at the expense of yields and profitability as competition with North Asian airlines – and to some extent US and Gulf carriers – intensifies. North Asian airlines now account for more than 50% of bookings in the Southeast Asia-US market and have increased their reliance on Southeast Asian connections as they have added US capacity, resulting in very competitive fares.
Australia’s Gold Coast Airport: AirAsia X and Hong Kong Airlines drive rapid international growth
Australia’s Gold Coast Airport is enjoying rapid traffic growth, driven by new and expanded international services. The airport recently started construction on a new terminal which will provide an enhanced level and service, and more widebody parking spots, to support anticipated further international growth.
Gold Coast traffic was up 8% to 6.3 million passengers in the year ending 30-Jun-2016, with international traffic up 18% to 1.05 million. Gold Coast had the fastest international growth in FY2016 among Australia’s six main international airports.
AirAsia X and Hong Kong Airlines have accounted for most of the recent growth. AirAsia X has added capacity on Kuala Lumpur-Gold Coast while launching Gold Coast-Auckland. Hong Kong Airlines launched services to Gold Coast in early 2016 and is already planning to increase capacity.