U.S. 10Y touches 5%, AI stocks tumble and oil stays above US$105 markets brace for tomorrow’s Fed decision Global markets enter Tuesday with three pressure points converging: U.S. borrowing costs briefly crossed 5%, oil remains above US$100, and the AI trade suffered a sharp reset overnight . The S&P 500, Dow and Nasdaq all closed lower Monday, while the Philadelphia semiconductor index plunged 5.9% . For Malaysian investors, there was one encouraging counterpoint: the FBM KLCI rebounded 0.66% to 1,698.01 , snapping four consecutive losing sessions despite the difficult global backdrop. 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,619.98, -0.48% 🇺🇸 Dow Jones 52,421.20, -0.29% 🇺🇸 Nasdaq 26,186.41, -0.56% 🇲🇾 FBM KLCI 1,698.01, +0.66% 💵 USD/MYR ~4.04–4.05 🇺🇸 U.S. 10Y Treasury briefly >5%; ~4.98% later 🥇 Spot gold ~US$4,313/oz, -0.8% 🛢️ Brent US$105.68/bbl, +~1% ₿ Bitcoin ~US$79,150, +~2% Monday The dollar strengthened Mo...
AirAsia X Bhd recorded a 41% surge in passenger numbers in 2024, carrying over 4 million travelers, while seat capacity grew 35% year-on-year (y-o-y) to 4.8 million. The airline’s passenger load factor (PLF) improved to 83%, reflecting strong demand for travel.
📈 Strong Growth in Passenger Traffic & Capacity
🔹 Total passengers in 2024: 4 million (+41% y-o-y)
🔹 Total flights: 13,262 (+35% y-o-y)
🔹 Available seat per kilometre (ASK) capacity: 20.37 billion (+31% y-o-y)
📌 4Q2024 Performance:
- Passengers carried: 1.1 million (+20% y-o-y)
- Seat capacity: 1.3 million seats (+20% y-o-y)
- PLF: 82% (unchanged y-o-y)
- ASK capacity: 5.79 billion (+21% y-o-y)
- Revenue seat per kilometre (RPK): 4.71 billion (+23% y-o-y)
💬 AirAsia X: "Demand for travel remains robust, supporting continuous growth in our network expansion."
✈️ Expansion into Africa & Key Growth Markets
📌 New Routes Launched in 4Q2024:
- Chongqing, China
- Nairobi, Kenya (AirAsia X’s first route into Africa!)
📌 Increased Flight Frequencies in key markets:
- Australia
- Japan
- South Korea
🇹🇭 AirAsia X Thailand (TAAX) Sees Growth
📌 Passengers in 4Q2024: 463,463 (+20% y-o-y)
📌 PLF: 78%
📌 Operational Shift: TAAX moved its hub from Suvarnabhumi Airport to Don Mueang International Airport in October 2024, impacting short-term performance but expected to return to normal levels next quarter.
💬 AirAsia X: "Relocation offers long-term operational benefits, despite some short-term adjustments for passengers."
🔍 What’s Next for AirAsia X?
✔️ Fleet expansion to meet rising demand
✔️ Further international network expansion beyond Africa
✔️ Continued market recovery post-pandemic
📌 With strong passenger growth and international expansion, AirAsia X is set for a promising 2025.
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