shares rose to its highest in over three months yesterday, following the company’s proposal to merge its short and long-haul airline operations last Thursday.On April 25, Capital A announced its restructuring plan in its efforts to address its Practice Note 17 status.
Separately, Capital A announced that AAX posted a solid passenger load factor of 83%, an increase of three percentage points year-on-year in the first quarter of 2024 . In terms of network, AirAsia X Malaysia launched its maiden flight to Almaty, Kazakhstan, in March 2024 in its quest to enter Central Asia, starting with four times weekly flights.
This effectively contributed to the 85% y-o-y increase in the company’s number of stages to 3,184 in 1Q24.
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