AirAsia X stated (05-Aug-2013) its flight operations to Japan (Tokyo and Osaka) and Korea (Seoul and Busan) from Kuala Lumpur and are operating as per schedule. AirAsia X is currently operating daily to Tokyo and Seoul and four times weekly to Osaka and Busan. AirAsia X CEO Azran Osman-Rani said, “Our strategy is to grow the North Asian market, in particular Japan and Korea, where we see high growth potential and the opportunity for AAX to become a market leader. Japan is one of our core markets in Asia Pacific which we are confident will continue to grow. Since its inception, AAX has carried a total of over 9 million passengers and we have seen an average passenger load of 85% percent to Tokyo and 81% percent passenger load to Osaka (YTD 2013). AirAsia X will be looking at significant growth in our Japan network by increasing the number of flights into this country by end 2013.” [more - original PR]
AirAsia X: 'Our strategy is to grow the North Asian market, in particular Japan and Korea'
You may also be interested in the following articles...
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.
Southeast Asia LCC fleet expansion to reaccelerate in 2017 after rare single digit growth in 2016
Southeast Asia’s low cost airline fleet grew by only 7% in 2016, representing the slowest growth in several years. The region’s two main groups, AirAsia and Lion, both slowed their growth significantly, with AirAsia slightly reducing its Southeast Asian fleet in 2016.
Southeast Asian LCCs ended 2016 with a fleet of 623 aircraft – up a modest 41 aircraft compared to the beginning of the year. The same group of 21 airlines added 67 aircraft in 2015 and 61 aircraft in 2014.
Several airlines responded to overcapacity, which peaked in 2014 following a period of overzealous capacity expansion, by deferring aircraft deliveries. Overcapacity continues to persist in several Southeast Asian markets, but some LCCs are reaccelerating expansion in 2017. Given the sector’s huge order book it is likely 2016 will represent the low point in Southeast Asian LCC fleet growth.