Long-haul LCC AirAsia X (AAX) achieved strong growth in its second-quarter profit, as it managed to spur healthy demand despite significant capacity expansion. The carrier reported a net profit of MYR47.4 million ($11 million) for the June quarter, up from just over MYR1 million in the same period a year earlier. Revenue was up 17% to MYR1 billion, with the rate of increase higher than the 26% capacity gain. AAX boosted its load factor by five percentage points to 80% despite the high ...

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