While AirAsia continues to soar globally, Malaysia Airlines Berhad (MAS), despite a complete overhaul, has dropped 10 spots in Skytrax’s 2016 World Airlines Awards.

According to a New Straits Times report, the national airline is now ranked 34th in the world.

AirAsia, on the other hand, went up two spots, going from 25th place to 23rd, and topped the “World’s Best Low-Cost Airlines” category, beating out its competitors Virgin America and Norwegian, which were at second and third placing, respectively.

AirAsiaX, placed sixth, also won the “Best Low Cost Airline Premium Seat.”

Last year, MAS under the lead of its outgoing chief executive officer, Christoph Mueller, oversaw a USD1.56 billion overhaul that included axing 6,000 jobs and discontinuing unprofitable routes.

In an interview earlier this year, Mueller said the carrier was performing better, having recorded a profit in February, its first positive monthly result in years.

The awards were announced on Tuesday at the Farnborough Airshow.

The results also saw Emirates topping the list, taking over the lead from last year’s winner, Qatar Airways.

Singapore Airlines dropped from second place in 2015, to third place.

The award is a consumer-focused rankings of the world’s airline industry and according to the English daily, is also known as a Passengers’ Choice awards.

“It is a global benchmark of airline excellence, and most coveted quality accolades in the industry.

“Travellers from across the globe take part each year in the world’s largest airline passenger satisfaction survey to decide the award winners,” said the daily, quoting a statement published on Skytrax’s website.

The top 10 airlines of 2016 is as follows:

1. Emirates
2. Qatar Airways
3. Singapore Airlines
4. Cathay Pacific
5. ANA All Nippon Airways
6. Etihad Airways
7. Turkish Airlines
8. EVA Air
9. Qantas Airways
10. Lufthansa Airlines

For the world’s best low-cost airlines, the ranking is listed below:

1. AirAsia
2. Virgin America
3. Norwegian
4. EasyJet
5. Jetstar Airways
6. AirAsiaX
7. WestJet
8. Indigo
9. Jetstar Asia
10. Azul Airlines