6-Sep-2012 2:19 PM

Cargo now accounts for over 5% of revenues at AirAsia X: CEO

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.