AirAsia X makes network cuts

KUALA LUMPUR AirAsia X the long-haul, low-cost airline affiliate of the AirAsia Group, has cut excess frequencies and some destinations as part of a turnaround strategy.
Details were released in an operating statement released Monday.
It reported details of network consolidation during the first half of the year that involved cutting flights on certain routes mainly to China and Australia.
It also terminated loss-making routes – Adelaide and Nagoya and used excess fleet capacity for short-term wet leases and charter operations.
inside no 5The airline saw its passenger traffic, as measured by revenue-passenger km (“RPK”), decline 17% year-on-year to 4,431 million in 1Q15 from 5,339 million during the same quarter, last year, while available-seat-km (“ASK”) capacity decreased by 3% y-o-y to 6,020 million. Year-on-year load factor, during the first quarter dropped 12 percentage points to 74% against 86% during the same period last year.
Current bookings trends are in line with expectations for a recovery in the second half of 2015.
In terms of fleet movements, the airline took delivery of two A330-300s on operating lease during the first quarter, raising its A330-300s fleet to 25 aircraft compared to 19, during same period last year.
Thai AirAsia X registered strong loads of 82% for its 1Q15, with 155,961 passengers carried, implying continued positive pick-up for the popular routes between Thailand, Japan, and South Korea. Thai AirAsia X currently operates three A330-300s, while Indonesia AirAsia X has two A330-300s serving Bali-Taipei and Bali-Melbourne respectively.

sourced:ttrweekly.com