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Rivals MAS and AirAsia Group undergo reboots to survive

MAS targets to start on clean slate in September; analysts offer mixed outlook on AirAsia's prospects

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AirAsia X, the long-haul arm of AirAsia Bhd, is still in the red two years after its listing.

Kuala Lumpur

EVEN as Malaysia Airlines (MAS) works to untangle itself from the legacy issues that have grounded its economic takeoff for the better part of two decades, its main rival AirAsia Group is bending under the weight of competition in an over-served market.

MAS under its...

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