AirAsia reports $222 million 1Q net profit

Credit: Airbus
Malaysian low-cost carrier AirAsia Berhad ( AirAsia ) posted MYR877 million ($222.3 million) in 1Q 2016 net income, a nearly six-fold increase year-over-year. AirAsia Berhad CEO Aireen Omar said the results were due to a positive momentum driven by low fares and a resulting sustained increase in the...

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