AirAsia Group 2Q net profit plunges 62%

Credit: Rob Finlayson
AirAsia Group reported second-quarter net income of MYR58.4 million ($18.5 million), down 62% from MYR153.1 million in the year-ago period. Revenue rose 5.5% to MYR1.3 billion, while expenses increased.1.9% to MYR1 billion, producing an operating profit of MYR243.9 million, up 23.5% from a MYR197.5...

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