AirAsia on track with turnaround plans

AirAsia group CEO Tan Sri Tony Fernandes

KUALA LUMPUR: AirAsia group is on track with its turnaround plans and fund raising exercise for both Indonesia and Philippines units, according to Public Invest Research.

It said on Friday yield is expected to improve towards the end of the year and the low-cost carrier is positive on 2H performance due to seasonally stronger quarters and capacity reduction by Malaysia Airlines.