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Founded | 20 December 1993 | ||||||
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Operating bases | |||||||
Frequent-flyer program | AirAsia Rewards[1] | ||||||
Subsidiaries | |||||||
Fleet size | 255 (including subsidiaries) | ||||||
Destinations | 166 (including subsidiaries) | ||||||
Parent company | Tune Group | ||||||
Traded as | MYX: 5099 | ||||||
ISIN | MYL5099OO006 | ||||||
Headquarters | Kuala Lumpur International Airport Sepang, Selangor, Malaysia | ||||||
Key people |
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Revenue | RM 14.70 billion (2023) | ||||||
Operating income | RM 145 million (2023) | ||||||
Net income | RM −96 million (2023) | ||||||
Total assets | RM 28.46 billion (2023) | ||||||
Total equity | RM −10.63 billion (2023) | ||||||
Employees | 23,000 (2023) | ||||||
Website | www |
Capital A Berhad (MYX: 5099), operating as AirAsia (stylized as airasia) is a Malaysian multinational low-cost airline headquartered near Kuala Lumpur, Malaysia. Established in 1993 and commencing operations in 1996, the airline is the largest in Malaysia by fleet size and destinations. It operates scheduled domestic and international flights to over 166 destinations across 25 countries.[2] Its primary hub is Kuala Lumpur International Airport (KLIA), where it utilizes Terminal 2, the low-cost carrier terminal.
AirAsia has a network of affiliate airlines catering to regional markets, including Thai AirAsia, Indonesia AirAsia, Philippines AirAsia and AirAsia Cambodia, which have bases in cities including Bangkok, Jakarta, Manila and Phnom Penh. AirAsia X, the airline’s long-haul subsidiary, primarily serves long-distance routes. Together, these carriers form an extensive network connecting Southeast Asia with other parts of Asia, Australia and the Middle East.
In 2007, The New York Times described AirAsia as a pioneer of low-cost travel in Asia.[3] The airline is known for its innovative approaches, including introducing ticketless travel through online bookings in 2002.
AirAsia has earned numerous accolades, including being named the World’s Best Low-Cost Airline by Skytrax for 15 consecutive years, with the latest recognition in 2024.[4] It also won the World Travel Awards 2024 for World’s Leading Low-Cost Airline for the 12th consecutive year and World’s Leading Low-Cost Airline Cabin Crew for the eighth time.[5]
The airline has been instrumental in establishing Kuala Lumpur International Airport as a leading low-cost carrier hub. The 2024 OAG Megahubs Index placed KLIA as the world’s second-most connected airport after London-Heathrow, offering more than 14,500 potential low-cost connections. AirAsia accounts for 43% of all flights at KLIA and 74% of the airport’s low-cost carrier capacity, operating 112 international and 14 domestic routes.[6]
Beyond aviation, AirAsia has sponsored various sports teams, including the Malaysia national football team, Singapore national football team, Jamshedpur FC and Queens Park Rangers in England. The airline has also supported major events, such as the Asia leg of Taylor Swift's Red Tour. With its extensive network and strategic partnerships, AirAsia remains a key player in the global aviation industry.