Capital A says on solid recovery path

KUALA LUMPUR: Capital A Bhd says it has closed its financial year 2022 (FY22) on a strong recovery path .

Capital A said its aviation operations had recovered strongly post-pandemic transition with added impetus from rapid resumption of international travel.

Benchmarked against the corresponding pre-Covid performance in the fourth quarter (Q4) 2019, Capital A said its consolidated airlines’ passenger volume had recovered faster than capacity restoration in Q4 2022.

The consolidated airlines carried over 7.8 million passengers in Q4 2022, an increase of 187 per cent year-on-year (YoY).

This was on the back of 9.1 million seat capacity injected during the quarter leading to a consistent quarter-on-quarter (QoQ) 86 per cent load factor.

For FY22, the consolidated airlines saw an increase in the number of passengers to 24.2 million, up by 404 per cent YoY, exceeding the jump in capacity of 345 per cent YoY.

This resulted in 84 per cent load factor, one percentage point (ppt) away from achieving pre-Covid load factor.

“Seats sold for international flights continued to surge by 3,536 per cent YoY as international borders reopened alongside the loosening of travel restrictions regionally, while seats sold for domestic flights were up by 290 per cent YoY.

“Available seat kilometre (ASK) and revenue passenger kilometre (RPK) rose by 410 per cent and 488 per cent YoY respectively, in tandem with the increase in capacity and passengers carried,” it said in a statement today.

Meanwhile, airasia Super App recorded 12 million monthly active users (MAU) as of December 2022, a significant improvement of 41 per cent YoY.

In Q4 2022, the number of transactions reached 11.6 million bringing the overall transactions for the year to 31 million, up by 386 per cent YoY.

This was is mainly contributed by the schedule extension of AirAsia flights, the launch of the new SUPER+ Unlimited subscriptions that were packaged with long and medium-haul flights, and continuous growth of airasia ride with the launch in Bali and incremental improvement to the booking completion rates.

BigPay closed the year with 1.3 million carded users, a healthy growth of 27 per cent YoY and maintained quarterly growth momentum at four per cent QoQ.

This was supported by successful campaigns such as the FIFA World CupTM giveaway in partnership with Visa and further product enhancements such as the launch of the crypto top-up feature in Singapore.

BigPay also hit the RM1 billion milestone for international remittances in the quarter with expanded reach and better pricing helping to accelerate the growth.

Meanwhile, Capital A’s logistics venture, Teleport, delivered yet another strong performance in Q4 2022 having moved 31,158 tonnes of cargo, up by 26 per cent from Q4 2021 and 17 per cent QoQ, both on the back of the ongoing recovery of AirAsia’s international passenger network in the second half (H2) 2022.

“E-commerce delivery volume recorded 3.2 million parcels in Q4 2022, a 433 per cent increase compared with Q4 2021 and up 16 per cent QoQ, as Teleport continues to deepen its service offering with existing customers and acquire new markets with key marketplaces and 3PL operators in the region.

“These results were achieved despite the declining cargo volume of -13 and -16 per cent from last year for intra-ASEAN and intra-APAC markets respectively, and the e-commerce industry volume showing a slower growth rate of six per cent from the previous year in Malaysia,” it added.