AirAsia’s consolidated operations reported that passengers carried declined 85% YoY to 1.9m
in-line with its decline in capacity as average seat per km (ASK) fell by 86% YoY to 2.7bn. These were below our expectations, accounting for 68% and 64% of our FY20 forecasts respectively. Passenger load was at 66% for 3Q20, compared to 84% in 3Q19. Overall, it operated at 19% of last year’s capacity in 3Q20, compared to 2% in
in-line with its decline in capacity as average seat per km (ASK) fell by 86% YoY to 2.7bn. These were below our expectations, accounting for 68% and 64% of our FY20 forecasts respectively. Passenger load was at 66% for 3Q20, compared to 84% in 3Q19. Overall, it operated at 19% of last year’s capacity in 3Q20, compared to 2% in