AirAsia now in a “better position”, expects strong load factors for 2010

AirAsia CEO, Tony Fernandes stated the carrier is now in a “better position”, and expects the carrier’s load factor to remain strong in 2010, after reporting a load factor of 75% for 2Q2009. According to Mr Fernandes, passenger numbers have been up, even during the puasa (fasting) month, ancillary income has continued to rise and the carrier is obtaining rights to a number of new destinations. [2201 words]

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This report contains the following subheadings:

• Defers delivery of eight A320s
• Lists private placement of 380 million new shares
• Planning to expand cargo business
• Obtains landing rights in Paris
• Turning focus to India network
• Pays outstanding charges to Malaysia Airports Holdings Bhd
• Partnership agreement with Amadeus changing LCCs approach to distribution
• Launches campaign to brand itself as “high quality, sleek and cool”

This report contains the following charts and tables:

• AirAsia revised A320 delivery schedule for deferred 2011 aircraft
• AirAsia revised aircraft delivery schedule: 2009 to 2015
• AirAsia Kuala Lumpur route network: Nov-2009