AirAsia Berhad Awarded CAPA Asia Pacific Low Cost Airline Of The Year
AirAsia Berhad, also known as AirAsia Malaysia, was selected for its consistent industry leading financial performance and innovative expansion from secondary bases.
AirAsia Malaysias had a record 87% annual passenger load factor in 2016, representing a 6ppt improvement compared to 2015. Passenger traffic was up 9% to 26.4 million and, most impressively, yield was up despite intense competition, bucking an overall industry trend of declining yields. AirAsia Malaysia generated a pre-tax profit of more than USD500 million in 2016 with an industry leading 31% profit margin.