Air Transport World

Airasia: airasia.com.(Asia/Pacific)

The Malaysian carrier continues its stellar rise as the region's premier LCC, posting increased profits despite fuel hikes and soon to take over most of Malaysia Airlines' domestic network. Under a rationalization program, AirAsia will operate up to 96 routes with MAS handling only 19. The belief is that with a unit cost of 2.42 cents per ASK it can succeed on the social obligation routes that long have been money-losers for higher-cost MAS. The handover is due to begin in August. Meanwhile, it is in the process of absorbing 60 A320s that are replacing its current fleet of 737-300s.

In the second quarter to Dec. 31, 2005, AirAsia was able to boost its profit by 20.3% to MYR53.4 million ($14. …

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