PHILIPPINES AIRASIA, Inc. said its load factor rose to 86% during the third quarter of 2019, as it expanded its capacity with the launch of new international routes.
In a preliminary operating statistics report released by AirAsia Group Berhad, AirAsia Philippines’ load factor stood at 86% during July to September, from 77% during the same period a year ago.
Load factor is the measure used by airlines on how much an aircraft’s carrying capacity is utilized.
“AirAsia Philippines expanded capacity by 19% during the quarter on the commencement of new international routes and an increase in frequency on both domestic and international sectors,” the budget carrier said.
During the third quarter, AirAsia Philippines’ capacity stood at 2.45 million seats, 19% higher than the 2.05 million seats a year ago.
AirAsia Philippines carried 2.1 million passengers during the third quarter, a 33% increase from the 1.57 million passengers recorded a year ago.
As of end-September, AirAsia Philippines had a fleet of 24 aircraft versus 21 aircraft a year ago.
Earlier this month, the company said it is delaying its initial public offering to next year or 2021, as it focuses on corporate reorganization.
AirAsia Philippines is aiming to swing to profit this year from posting a net loss of P2.11 billion in 2018. It is also hoping to hit revenues of P30 billion by end-2019. — Arjay L. Balinbin