SEPANG, Malaysia, 10 February 2021: AirAsia Group presented operating statistics for the fourth quarter of the financial year 2020 and the full financial year that ended 31 December 2020 claiming it is “navigating its recovery phase exceptionally well.”

The group announced Tuesday operating statistics for the
four regional airlines based in Malaysia, Indonesia, the Philippines and
Thailand.

In the preamble it said key operational metrics improved in
December compared with September, notably with a 31% increase in passengers carried
by AirAsia Thailand, doubling of passengers carried by AirAsia Philippines,
while AirAsia Indonesia multiplied its number of passengers carried by a
whopping 11 times.

“These improvements signify a solid domestic rebound for air
travel demand across the group’s key operating markets.”

The airline group presented operating statistics for the
fourth quarter of the financial year 2020 (4Q2020) and the full financial
year-ended 31 December 2020 (FY2020).

The group’s statement described 2020 as a “year of
resilience for all four airlines, as each entity worked hard to overcome the
ongoing challenges and together carried 23 million passengers.”

By December, the four airlines recovered close to 60% of
pre-Covid-19 domestic capacity. Post-Covid-19, the group expects to benefit
from a leaner and optimised airline operation established in 2020,
concentrating on recovering the most profitable and popular routes while
exploring opportunities to gain market share.

Malaysia

AirAsia Malaysia closed the fourth quarter with 834,934
passengers recording a 72% load factor, despite the setback in October and
November given the reimplementation of interstate travel restrictions.
Following the easing of restrictions in December, strong pent-up demand
positively translated into an immediate pick up in domestic travel.

Indonesia

AirAsia Indonesia posted a strong rebound in 4Q2020, as the
number of passengers carried more than quintupled quarter-on-quarter to 389,283
passengers, while the load factor improved to 59%, up 10 percentage points from
3Q2020 as more flights resumed and travel restrictions eased.

In December, AirAsia Indonesia more than tripled its
operating capacity compared to November to match demand recovery. Operations
remained primarily domestic, with domestic running at a remarkable 93% of
pre-Covid capacity in December. The group said it was encouraged by the strong
rebound in demand and expected AirAsia Indonesia to fully recover to its
pre-Covid-19 domestic capacity in 1Q2021.

The Philippines

AirAsia Philippines carried 117,948 passengers in 4Q2020 and
reported a load factor of 64%. On a month-to-month basis, AirAsia Philippines’
number of passengers carried doubled while domestic operating capacity
increased by five percentage points to 13% in December as compared to
September.

Thailand

AirAsia Thailand’s performance further gained momentum in
4Q2020, riding on strong domestic travel demand from the festive season and
travel incentives from the government. AirAsia Thailand’s 4Q2020 operations
exceeded expectations as it surpassed its pre-Covid-19 domestic capacity by 7%.
In December 2020, AirAsia Thailand operated 116% of pre-Covid-19 domestic
capacity, as compared to 96% in September 2020. AirAsia Thailand used 70% of
its fleet by the end of December. More than 2.8 million passengers were carried
during the quarter, an increase of 50% QoQ, resulting in a commendable load
factor of 74%.

The financial year 2020 Operating Statistics

1) Number of earned seats flown. Earned
seats comprise seats sold to passengers (including no-shows)

2) Number of seats flown

3) Number of Passengers Carried as a
percentage of Capacity

4) Available Seat Kilometres (ASK)
measures an airline’s passenger capacity. Total seats flown multiplied by the
number of kilometres flown

5) Revenue Passenger Kilometres (RPK) is
a measure of the volume of passengers. Number of passengers multiplied by the
number of kilometres these passengers have flown

6) Number of flights flown

7) Number of aircraft including spares