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 number of passengers. Revenue rose 31% year-over-year (YOY) to MYR1.7 billion, producing an operating profit of RM521.14 million, more than doubling AirAsia’s 1Q 2015 operating ...

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