Malaysian low-cost carrier AirAsia Berhad reported second-quarter net profit of MYR243 million ($64.3 million), a 43.7% year-over-year (YOY) drop from the MYR367.2 million the company posted in the June 2014 quarter. AirAsia said the drop in profit was due to unrealized foreign-exchange losses on borrowings and one-off costs related to the company’s sale and leaseback of aircraft during the quarter. AirAsia's second-quarter revenue grew 1.1% YOY to MYR1.32 billion, despite ...

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