Thai AirAsia X expects to post a profit from carrying nearly 1 million passengers this year, driven by its Japan routes, after returning to profit in the first quarter.
Tassapon Bijleveld, chief executive of Thai AirAsia X, said the robust Japan routes helped drive the airline’s performance, especially during the low season.
“There is no seasonality for Japan routes as we can maintain consistent bookings during the third quarter, which usually experience a sharp drop,” said Mr Tassapon.
The airline’s Japanese routes contribute the highest proportion of revenue at 50%, with a load factor of more than 90%. Other positive revenue earners include routes to South Korea and Australia, he said.
Japanese passengers typically account for 35-40% of total passengers, with 60-65% derived from the Thai market, in part thanks to the weak yen.
Although hotel prices in Japan rose recently, the stronger baht helped Thais reduce their overall budget by 20-30%, he…
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