Indonesia AirAsia increased revenue from fares and ancillaries in 4Q2014

Indonesia AirAsia recorded (26-Feb-2015) a 26% year-on-year increase in average fare and a 16% increase in ancillary revenue per passenger in 4Q2014. AirAsia Group CEO Tony Fernandes said the airline's route rationalisation exercise proved to be effective, but it will take time to recover from the weak rupiah and the impact of the crash of QZ8501 in Dec-2014. The airline will focus on international routes where it holds a large market share and the carrier is expected to benefit from cooperation with Indonesia AirAsia X. [more - original PR]