IPH runway is really too short. I think less than 6000ft if I'm not mistaken. IPH is scary to fly into on any day. It requires special attention, only captains can do takeoffs and landings there. With all those limestone hills around, during bad weather IPH is best left unlanded.
And yes, I totally agree that AK is using this as an excuse not to fly a loss-making route.
Aircraft less than certain weights are not allowed to land at KLIA, barring special requests (dimplomatic,, emergency, etc). Therefore you won't see F50's doing the route. Maybe JHB-IPH perhaps, or ideally SZB-IPH.