AAX blames low load factors on ‘irrational price war’

Credit: Rob Finlayson
Despite route cuts and lower frequencies, Malaysia-based long-haul low cost-carrier (LCC) AirAsia X (AAX) saw its load factors drop to 74% in the first quarter of 2015 from 86% in the first quarter of 2014. "Profitability in 2014 was affected mainly by tragic aviation incidents, an irrational price...

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