AirAsia transfers some Kuala Lumpur-Singapore slots to long-haul service

AirAsia Group said Monday it would transfer 2 slots on its Kuala Lumpur-Singapore route, its most profitable, to long-haul sister airline AirAsia X, which has been struggling financially. The 2 daily return flights will help AirAsia X deploy its Airbus A330s for more hours of the day, allowing it to boost revenue, the carriers said. The services will also give passengers from China, India, Japan and Korea better connections from its Kuala Lumpur hub to Singapore. Using the widebodies rather than AirAsia's narrowbody Airbus A320s also doubles capacity in those slots on the Kuala Lumpur-Singapore route. AirAsia and AirAsia X said they would share the operating profits from the slots on a 50-50 basis. <br/>