AirAsia seen to benefit from Malaysia Airlines route revamp

AmResearch says there is no clear winner from MAS

PETALING JAYA: With Khazanah Nasional’s recovery plan for Malaysia Airlines (MAS) laid out, analysts believe the AirAsia group is the likely direct beneficiary of the potential industry route restructuring on the medium-haul network, which allows the industry yields to rise in Malaysia.

CIMB Research noted that AirAsia X’s share price has already reflected the positive impact from Khazanah’s announcement which had specifically mentioned the need to focus and build scale on regional routes.