CAPA India Aviation Summit

Upcoming Event

30-Jan - 1-Feb

Mumbai: CAPA India Aviation Summit

The CAPA India Aviation Summit will bring together all of the key stakeholders in the industry for a unique knowledge-building and networking forum that is a must-attend for any company with an exposure to Indian aviation.

Latest News Headlines

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Association of Asia Pacific Airlines (AAPA) director general Andrew Herdman, speaking on CAPA TV, stated (07-Nov-2017) the outlook for the Asian airline sector is fairly upbeat. Profitability is mixed but cargo and passenger traffic growth is strong. "Overall, I think it's another successful year for Asia Pacific aviation", Mr Herdman said. AAPA expects strong passenger growth and the recovery in the cargo market to continue in 2018 although year over year figures for cargo may not be as strong. "The global economy is in pretty good shape and trade is picking up after some very weak years following the financial crisis", Mr Herdman said. Profitability levels should also be maintained at roughly 2017 levels. "Overall airlines are focused on revenue optimisation and cost control," Mr Herdman said. [more - CAPA TV]

AirAsia X reported (23-Nov-2017) the following financial highlights for three months ended 30-Sep-2017:

  • Revenue: MYR1124 million (USD263.6 million), +14.5% year-on-year;
    • Ancillary: MYR209.3 million (USD49.1 million), +29.3%;
  • Costs: MYR1169 million (USD274.1 million), +25.1%;
    • Fuel: MYR351.8 million (USD82.5 million), +24.7%;
    • Aircraft operating lease: MYR234.6 million (USD55.0 million), +5.6%;
  • Operating profit (loss): (MYR35.0 million) (USD8.2million), compared to a profit of MYR50.8 million (USD12.5 million) in p-c-p;
  • Net profit (loss): (MYR43.3 million) (USD10.2 million), compared to a profit of MYR11.0 million (USD2.7 million) in p-c-p;
  • Passengers: 1.5 million, +23%;
  • Passenger load factor: 79.3%, +1.4ppt;
  • Passenger fare: MYR496 (USD116), -1.0%;
  • Revenue per ASK: MYR 12.32 sen (USD 2.9 cents), -3.0%;
  • Cost per ASK: MYR 12.80 sen (USD 3.0 cents), +6.1%;
  • Cost per ASK excl fuel: MYR8.95 sen (USD 2.1 cents), +6.4%;
  • Average sector length: 4844 km, -2%;
  • Total assets: MYR4356 million (USD1021 million);
  • Deposits, cash and bank balances: MYR460.6million (USD108.0 million);
  • Total liabilities: MYR3363 million (USD788.5 million). [more - original PR]

*Based on the average conversion rate at MYR1 = USD0.234459 for 3Q2017
*Based on the average conversion rate at MYR1 = USD0.246625 for 3Q2016

AirAsia X CEO Benyamin Ismail, speaking on CAPA TV, said (07-Nov-2017) AirAsia X Group plans to take delivery of its first A330-900neo in late 2018. "That is something we are working on. We are just waiting for Airbus and Rolls-Royce to tell us when those delivery dates are coming", Mr Ismail said. "On paper, we are getting that towards year end next year". AirAsia X Group operates 30 A330-300s and has 66 A330-900neos on order, according to the CAPA Fleet Database. [more - CAPA TV]

AirAsia X CEO Benyamin Ismail, speaking on CAPA TV, said (07-Nov-2017) the carrier improved average aircraft utilisation from 16 hours to 17 hours per day over the last year. The improvement in utilisation, as well as a reduction in average stage length driven by the launch of shorter routes, has enabled AirAsia X to expand in 2017 despite not growing its fleet. "We can from a very low end in terms of utilisation", Mr Ismail said, adding: "In the past few years we have been increasing utilisation in steps". AirAsia X currently operates a fleet of 22 A330-300s. [more - CAPA TV]

Jetstar Asia CEO Barathan Pasupathi, speaking on CAPA TV, reported (07-Nov-2017) the airline has been able to add 400,000 passengers p/a without expanding its fleet. Jetstar Asia carried 3.9 million passengers in 2013, when it operated 19 A320s. It cut back to 18 A320s in early 2014 and has since maintained the fleet at that level. In 2016 the airline carried 4.3 million passengers and traffic was up another 2% through the first three quarters of 2017. Load factor improvements have partially driven the higher passenger numbers. [more - CAPA TV]

Vietnam Airlines EVP Le Hong Ha, speaking on CAPA TV, stated (07-Nov-2017) the airline plans to mainly operate its new fleet of A321neos on domestic and regional international routes within East Asia, including services of three to four hours to North Asian destinations. Vietnam Airlines has 18 A321neos on order for delivery from 2018, according to the CAPA Fleet Database.

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