Philippines AirAsia improves yield, reduces losses in 4Q2014

Philippines AirAsia recorded (26-Feb-2015) increased yield and narrowing losses in 4Q2014. Increased demand supported growth in load factor and cost-cutting measures reduced CASK by 24% year-on-year. The carrier will increase Cebu and Kalibo capacity and continue to focus on leisure destinations such as Puerto Princesa. [more - original PR]