The airline is a step closer to reaching pre-pandemic levels.
The first A330neo for Air Asia X (Photo: Airbus)
As a result of strong demand and capacity growth, Air Asia revealed that it had carried 63 million passengers in 2024, with a load factor of 89%. The number of passengers and load factor increased 11% and 1%, compared to 2023. However, the low-cost carrier has fallen short of recovering from COVID-19, reaching 84% of pre-pandemic levels.
The no-frills airline has seen demand surge across the board in the last year, such as maintenance, logistic ventures, and its inflight catering business.
In the fourth quarter of 2024, the airline served over 16 million passengers with a 9% year-on-year increase. In the wake of its fleet expansion, the capacity was increased by 10% year-over-year.
“Fleet expansion contributed significantly to its success in 2024 with its active fleet growing to 205 aircraft out of a total if 224 aircraft, with the reactivation of 14 aircraft during the year,” the airline said in a statement.
Air Asia inducted nine new A321neo and one used A320 in 2024. The group is optimistic about the future, expecting it could utilize its fleet in 2025, with the remaining sixteen aircraft entering service by mid-2025.
“Its true capability of the airline and unlocking the potential for maximized revenue generation that was previously unattainable due to idle aircraft,” the company added.
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