AirAsia X boosts 1Q profit after routes restructure
AirAsia X achieved a slight improvement in profits for Q1, which the airline attributes partly to its route restructuring efforts. The group’s net profit of RM43.3m (U$10.38m) in the quarter was up by 4% year-over-year. Capacity was down 5% as the airline suspended some longer single-route markets, and instead increased service to core markets where it has more flights. AirAsia X has terminated flights to Tehran, Kathmandu, Male in the Maldives, and Auckland. It has redeployed this capacity to China, Japan, South Korea and India. The Malaysia-based unit is taking “a more modest approach to its operations” in Q1 of 2019, Group CE Nadda Buranasiri said. Although the Malaysian operation added 2 more aircraft in Q1, it is keeping expansion in check to focus on yields. This unit will not receive any more aircraft in 2019. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-05-17/unaligned/airasia-x-boosts-1q-profit-after-routes-restructure
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AirAsia X boosts 1Q profit after routes restructure
AirAsia X achieved a slight improvement in profits for Q1, which the airline attributes partly to its route restructuring efforts. The group’s net profit of RM43.3m (U$10.38m) in the quarter was up by 4% year-over-year. Capacity was down 5% as the airline suspended some longer single-route markets, and instead increased service to core markets where it has more flights. AirAsia X has terminated flights to Tehran, Kathmandu, Male in the Maldives, and Auckland. It has redeployed this capacity to China, Japan, South Korea and India. The Malaysia-based unit is taking “a more modest approach to its operations” in Q1 of 2019, Group CE Nadda Buranasiri said. Although the Malaysian operation added 2 more aircraft in Q1, it is keeping expansion in check to focus on yields. This unit will not receive any more aircraft in 2019. <br/>
