MANILA, Philippines - Philippinesâ€™ AirAsia Inc., the local unit of low cost carrier AirAsia Berhad of Malaysia, carried 144,215 passengers in the first quarter of the year, translating to a high load factor of 76 percent.
The airline only started its operations in March last year and now operates two aircraft in the Philippines.
The AirAsia Group reported a 19 percent increase in passengers to 9.78 million from January to March this year compared to 8.23 million in the same period last year.
The airlineâ€™s capacity jumped 21 percent to 12.3 million from 10.16 million as the number of aircraft increased to 122 from 100. This translated to a lower load factor of 79 percent from 81 percent.
Malaysia AirAsiaâ€™s number of passengers increased by seven percent to 5.17 million from 4.82 million, while that of Thai AirAsia surged 20 percent to 2.6 million passengers from 2.13 million.
Indonesia AirAsiaâ€™s passenger traffic surged 35 percent to 1.72 million from 1.273 million while Air Asia Japan carried 182,216 passengers in the first quarter of the year.
Last March 11, Philippinesâ€™ AirAsia acquired a 49 percent stake in Zest Airways Group of Ambassador and juice magnate Alfredo Yao through a strategic alliance agreement.
Under the partnership, Philippines AirAsia would invest in the ZestAir Group by acquiring a 49 percent stake in Zest Airways and 100 percent in Asiawide Airways.
In turn, Yao would subscribe to shares in Philippinesâ€™ AirAsia.
Apart from AirAsia Group chief executive officer Tan Sri Tony Fernandes, Philippines AirAsia is also owned by Antonio â€œTonyboyâ€ Cojuangco Jr., Michael Romero and Marianne Hontiveros with 20 percent stake each.