Miguel Cordon · · 1 min readCapital A sees 161% YoY growth in AirAsia super app users in Q3 2022
Capital A said it saw a 1,925% year-on-year increase in passengers for the third quarter of 2022, operating 68 aircraft during the period.
With the still climbing interest in travel, the company said its super app saw 9.5 million average monthly active users in the quarter, a 161% growth compared to the same period last year.
Photo credit: Capital A
The number of transactions made through the app also saw a 1,953% year-on-year increase for Q3. This represented a 139% growth from the previous quarter.
Capital A attributed this growth to the app’s travel vertical, seeing boosts in bookings through FlyBeyond, AirAsia flights, and its Hotels platforms. The company also said its ride-hailing arm, AirAsia Ride, also completed 550,000 trips in the quarter.
The company registered a 21% quarterly growth in its logistics business, Teleport, which moved 26,667 tonnes in Q3. Delivery orders through the business experienced a larger uptick, growing 136% in the quarter to 2.7 million deliveries.
Meanwhile, Capital A’s fintech arm BigPay saw its user base grow to over 1.2 million in Q3, representing a 48% and 4% increase on a year-on-year and quarter-on-quarter basis, respectively. The company said the improvement was on the back of new product launches, including that of its budgeting and saving tool Stashes.
See Also: AirAsia Rides builds on Gojek’s operations to battle Grab in Bangkok
Editing by Lorenzo Kyle Subido
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