AirAsia X releases Q3 performance figures

An AirAsia X aircraft climbing steeply after takeoff
Mehdi Nazarinia (GFDL 1.2 or GFDL 1.2), via Wikimedia Commons

AirAsia X Berhad (KLSE: AAX) has released its operating statistics for the third quarter of 2023. The Malaysian low-cost carrier continues to rise with a record of a ten-fold increase in passengers and high capacity, according to its Q3 performance report.

Moreover, the airline recorded an 80% passenger load factor, in light of a 9 times capacity boost as it expands to strategic locations in India and China. 

Q3 2023 Highlights

Load Factor

In the third quarter, AirAsia X achieved a suitable Passenger Load Factor (PLF) of 80%, which is an increase of 7% points year-on-year (YOY), despite capacity surging over nine fold year-on-year to 1,014,432 seats during the reported quarter. 


AirAsia X bounced back 10 times year-on-year increase in the number of passengers with over 807,000 guests, which was carried in 3Q23 compared to 80,500 guests carried in the same period last year! 

Available Seats per Kilometre (ASK) 

ASK as reported by AirAsia X increased close to 12 fold, which is much higher (year-on-year) at 4,412 million. This result was aided by the surge of seat capacity and the continued recovery of the carrier’s network. 


The Malaysian low-cost carrier increased by 24% quarter-on-quarter while ASK capacity increased by 26% as the number of ‘flyable’ aircraft increased by three quarter-on-quarter this third quarter of 2023. 

An AirAsia Malaysia Airbus on an approach to land.
km30192002, CC BY 2.0, via Wikimedia Commons

A Busy Third Quarter 

Reporting from this third quarter, AirAsia X Malaysia enthusiastically launched a new route to India. 

Amritsar is the lucky chosen city to India with four times weekly flights and its fourth route in China with thrice-weekly flights to Chengdu. 

The launching of these flights asserts the airline’s commitment to serving strategic and large markets respectively after the pandemic. 

Lots of airlines have learned how important serving core markets plays a vital role in their recovery parcel. 

Flight Frequencies

Flight frequencies for Air Asia X rose to 114 flights per week, and by the end of the third quarter of 2023 compared to 23 flights during the end of the same quarterly last year. 

Quarterly-on-quarterly, flight frequency increased 19% with flights to Shanghai and Perth being increased to daily flights. 

AirAsia X Thailand 

AirAsia X Thailand, Air Asia X’s associate carried 342,078 passengers, with a fruitful passenger load factor of 82% during the quarter in question. 

In the third quarter of this year, AirAsia X Thailand’s ASK capacity rose by six times higher year-on-year.

Thailand’s division network overall flight frequency rose by 15% quarter-on-quarter with frequencies to Shanghai increasing to six times per week during this quarter. 

Fleet Divisions

AirAsia X has a total of 17 A330s in its fleet as of the end of September 2023, with 14 aircraft now back in service. 

AirAsia X Thailand on the other hand has a fleet size of eight, and six of them are operational. The Thai division currently operates from Bangkok Suvarnabhumi Airport.

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