AirAsia's 1Q profit down 91% on capacity growth

Credit: Rob Finlayson
AirAsia Group reported a first-quarter net profit of RM101.6 million ($42.2 million), down 91% from RM1.1 billion in the year-ago period. Revenue for the quarter rose 9% year-over-year (YOY) to RM2.8 billion. The growth in revenue was offset by costs related to a 17% YOY increase in capacity,...

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