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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." ✈️ Ex...

  AirAsia X Bhd (AAX) shareholders have voted 99.08% in favor of acquiring AirAsia Bhd and AirAsia Aviation Group Ltd from Capital A Bhd for RM6.8 billion . This deal includes over 200 existing aircraft and 361 future aircraft orders , enabling AAX to expand across long-, medium-, and short-haul segments , according to AAX Chairman Datuk Fam Lee Ee . During the extraordinary general meeting (EGM) , shareholders also approved additional proposals, including the issuance of free warrants , a private placement to raise RM1 billion , and a share capital reduction . The acquisition is expected to be finalized by the end of the year, pending court and regulatory approvals. AAX CEO Benyamin Ismail stated that the group's focus will be on sustainable expansion and operational excellence to maintain its leadership in the low-cost market . Meanwhile, Capital A CEO Tan Sri Tony Fernandes expressed his excitement over the approval, stating that the company is nearing the resolution ...

Capital A Bhd shareholders have overwhelmingly approved the RM6.8 billion disposal of its aviation business to AirAsia X Bhd (AAX) at an extraordinary general meeting (EGM) on Monday. The resolutions were passed with 99.97% of attendees voting in favor. This disposal is a key part of Capital A’s plan to exit its Practice Note 17 (PN17) status, and now awaits approval from AAX shareholders at their upcoming EGM on Oct 16 . Capital A CEO Tan Sri Tony Fernandes expressed optimism on LinkedIn , calling it a "great day" for the group after navigating the challenges posed by Covid-19 . He emphasized that if AAX shareholders approve the deal, it would create a "very powerful aviation group" and position Capital A for significant growth. The deal includes the distribution of 73.33% of AAX shares that Capital A would receive from the disposal to its shareholders, a resolution also passed with 99.97% approval. Capital A aims to achieve a clean balance sheet and sub...

AirAsia X Bhd (KL) has issued a comprehensive circular outlining its RM6.8 billion acquisition of Capital A Bhd's (KL) entire equity stake in AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) , for shareholders' review ahead of the extraordinary general meeting set for October 16. The proposed acquisition is part of a strategic move to create a focused aviation powerhouse , integrating seven airlines across Malaysia, Thailand, Indonesia, the Philippines, and Cambodia . The goal is to position the new aviation group to cover short-, medium-, and long-haul air travel services , tapping into the growing demand for international travel. According to AAX’s statement, the acquisition will significantly enhance the airline group’s competitive edge and make it more resilient and adaptable in a rapidly recovering global aviation market . AAX CEO Benyamin Ismail emphasized that the synergies with Capital A’s ecosystem —including digital services, ground handling, and in-flight...

AirAsia X Bhd (KL) announced on Friday that it will directly acquire Capital A Bhd's (KL) aviation business, bypassing the previously proposed internal reorganisation that involved setting up a new company (NewCo). This decision aims to expedite the takeover process. Key Points: Direct Acquisition: AirAsia X (AAX) will proceed with the acquisition of Capital A’s aviation business directly, foregoing the establishment of a NewCo. This change is intended to expedite the acquisition process. Reason for Change: The decision to abort the proposed internal reorganisation and terminate the agreement was based on weighing potential benefits against the time required for implementation. A critical factor was the importance of quickly completing the acquisition. Original Proposal: On April 25, AAX announced plans to take over Capital A’s aviation business — under AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAAGL) — through an internal reorganisation. The proposed reorganisation invo...

Retain BUY recommendation with unchanged target price (TP) of RM3.85 Highlights/ Comments AirAsia has updated its fleet plan for 2017 with an expected growth of 26 net additional aircrafts (+15.9% yoy). Fleet expansion is expected to continue until 2028, with an average of 19-20 aircrafts per annum. New deliveries of A320NEO (15% fuel saving) has begun since Sep 2016, while the A321NEO (20% fuel saving) will begin in 2019.  The planned double digit capacity growth is in view of the market showing signs of strong demand growth (especially traffics on North Asia sector). Given a rational market condition in all countries, management does not expect competitive pressure on its yields in 2017. As a matter of fact, management has seen strong forward bookings in 4Q16 (load factor of 90%) and in early 2017. Recently, BNM has given the approval on foreign funding for the placements of additional 20% shares (in AirAsia) by major shareholders. The exercise is expected ...

The market is behaving like a yo-yo and today, we have a better side of things. It’s an uptrend and we’re looking at a jump for FBM KLCI by 0.27% or 4.56 points to 1,690.91. FBM KLCI closed higher as oil rebound There is still no clear signal of breaking the 1,700 mark but things have been slightly more positive now. Across Bursa Malaysia, we saw 1.72 billion shares traded worth RM1.81 billion. There are 441 winners compared to the 355 losers while another 353 is unchanged. Regionally, things are also looking better except for the volatile China. The positive sentiment was mainly driven by the rebound of crude oil price and the expectation of policy easing by the European Central Bank (ECB) later in the day. In Bursa, the top gainer is Kossan Rubber Industries Bhd while leading the decliners was British American Tobacco (M) Bhd. The warrants of AirAsia X and RedSena dominated the top active counters.