AirAsia slashes Malaysia capacity recovery outlook

KUALA LUMPUR (Reuters) – Malaysian budget airline AirAsia Group Bhd on Tuesday slashed its outlook for its home market again although it expects a rebound in December.

FILE PHOTO: Airasia planes are seen parked at Kuala Lumpur International Airport 2, amid the coronavirus disease (COVID-19) outbreak in Sepang, Malaysia October 6, 2020. REUTERS/Lim Huey Teng/File Photo

While encouraged by a resumption of domestic travel in Malaysia, Indonesia and the Philippines during the three-month period ended September 30, AirAsia said a spike in coronavirus cases in Malaysia and subsequent curbs had led it to reduce capacity in the country in October and November.

It halved its projected recovery rate in Malaysia to 31% of its pre-COVID-19 capacity by the year end, after already lowering it to 60% last month from 70-75% in August.

“There is a slight setback in Malaysia but we expect this to be short-lived and to bounce strongly

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Apple slashes App Store fees for most developers

Apple is chopping by half the long-controversial commissions it charges on the sale of apps and services sold by smaller developers on its App Store, saying it wants to help them grow their businesses amid the economic upheaval caused by the pandemic

a group of people posing for the camera: apple-ios-app-economy-creates-new-us-jobs-09022020-big-jpg-large-2x.jpg

© Apple Inc.

The new program takes affect January 1, and impacts those making up to $1 million a year in app sales, the Cupertino, California-based technology company said Wednesday in a statement. 

Apple will reduce to 15% from 30% the App Store fee for those developers, along with those new to its store. The revised payment structure will affect the “vast majority” of developers who charge for apps and in-app purchases on Apple devices, the company said.

The smaller commission will help “developers fund their small businesses, take risks on new ideas, expand their teams and continue to make apps that enrich people’s lives,”

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Apple Slashes App Store Cut For Most Developers, But Not Epic Games

Apple has made a big change to the cut it takes from all in-app purchases on its App Store, with the company slashing its rate from 30% down to 15% for most of its developers.

In response to the tough year Apple says its developers have been enduring, the company will now only take a 15% cut from all apps that make less than $1 million revenue annually. According to app analytics firm Sensor Tower, that accounts for nearly 98% of iOS developers currently, which makes the move a big shift for the company.

According to the same firm, however, this same 98% only accounts for 5% of Apple’s total app revenue, which might explain why the company is comfortable with such a drastic change. This also has no bearing on the ongoing court battle between Epic Games and Apple considering Fortnite’s massive turnover on iOS. The Fortnite developer is

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