AirAsia X turns around performance in Australia after slashing capacity
AirAsia X's fortunes are improving in the Australian market, after the carrier and rival Malaysia Airlines dramatically cut capacity between Australia and Kuala Lumpur in 2015. The December quarter financial figures for AirAsia X show its Australian division swung to a pre-tax profit of MYR53.4m (A$17.9m), up from a MYR90.5m pre-tax loss for the same period the previous year. However, for the full calendar year AirAsia X reported a loss before tax of MYR232m. The latest available international capacity statistics for November show AirAsia X lowered capacity by 13.7% compared with a year earlier, as it pulled out of Adelaide and trimmed some frequencies to other Australian cities from its schedules. AirAsia X CE Ben Ismail said the economics of his carrier's Sydney and Melbourne flights had "improved considerably". <br/>
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AirAsia X turns around performance in Australia after slashing capacity
AirAsia X's fortunes are improving in the Australian market, after the carrier and rival Malaysia Airlines dramatically cut capacity between Australia and Kuala Lumpur in 2015. The December quarter financial figures for AirAsia X show its Australian division swung to a pre-tax profit of MYR53.4m (A$17.9m), up from a MYR90.5m pre-tax loss for the same period the previous year. However, for the full calendar year AirAsia X reported a loss before tax of MYR232m. The latest available international capacity statistics for November show AirAsia X lowered capacity by 13.7% compared with a year earlier, as it pulled out of Adelaide and trimmed some frequencies to other Australian cities from its schedules. AirAsia X CE Ben Ismail said the economics of his carrier's Sydney and Melbourne flights had "improved considerably". <br/>
