AirAsia X CEO Azran Osman-Rani told (06-Sep-2012) CAPA's LCCs & New Age Airlines in North Asia conference in Macau, cargo now accounts for over 5% of revenues at the low-cost, long-haul carrier. Mr Osman-Rani said, "cargo is a booming sector for us. It's grown from 2% of our revenue to over 5%. (Cargo) load factors are now well above 50%. It's a significant margin contributor to our business. It continues to grow." Association of Asia Pacific Airlines director general Andrew Herdman added there should be opportunity for AirAsia X to further grow its cargo revenues, pointing out at full service carriers in Asia cargo typically accounts for "close to 10%" of revenues on passenger flights.
Cargo now accounts for over 5% of revenues at AirAsia X: CEO
You may also be interested in the following articles...
AirAsia X may relaunch London in 2017, potentially with ex-SriLankan A350s
Malaysia’s AirAsia X is considering the lease of A350s or 777-300ERs in 2017 to accelerate its return to Europe. A new widebody type will add cost and complexity but is necessary if the medium/long haul low cost airline is to meet its objective of relaunching London as soon as possible.
AirAsia X had been planning to wait until it receives A330-900neos before relaunching London and commencing other European routes. However the airline prefers not to wait until 2H2018, when its A330-900neo deliveries are slated to begin, and using another aircraft type in the interim mitigates the impact of a potential delay with the A330neo variant required for Kuala Lumpur-London.
AirAsia X could also use a new aircraft type – most likely A350-900s – to support new routes to the US. It plans to launch services from Japan to Hawaii in Jun-2017 using A330ceos, but also has longer-term plans for longer routes from Japan to Las Vegas, Los Angeles and San Francisco – and potentially ultra-long haul routes from Malaysia to the US.
CAPA Asia Aviation Summit Day 2: AirAsia X & Spring Airlines discuss opportunities in China
The second day of the CAPA Asia Aviation Summit began with a Q&A featuring AirAsia X CEO Benyamin Ismail and Spring Airlines VP Jonathan Hutt. The Chinese market dominated the conversation, particularly opportunities between China and Southeast Asia for both airlines.
The CAPA Asia Aviation Summit was held on 16-Nov-2016 and 17-Nov-2016, attracting over 300 delegates. The summit also included a gala dinner on 16-Nov-2016 featuring the CAPA Asia Pacific Aviation Awards for Excellence.
The remainder of Day 2 featured three panels: on distribution, ancillaries, and a wrap-up of the market outlook.