AirAsia Group—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s Capital A Berhad—said first quarter traffic at its airlines across Southeast Asia nearly quadrupled, adding to signs a travel recovery is well underway as governments around the region ease Covid-19 restrictions.
The group carried 3.75 million passengers in the three months to March 31 across Indonesia, Malaysia, the Philippines and Thailand, compared with 976,968 a year ago, Capital A said in a statement on Thursday. That boosted AirAsia’s overall load factor to 76% from 67%.
As travel demand recovers, AirAsia is also gradually restoring its fleet, increasing the number of its aircraft to 152 in the
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