Malaysia-based low-cost carrier (LCC) AirAsia reported a 4Q 2015 net profit of MYR554.2 million ($131 million), reversed from a net loss of MYR428.5 million in the year-ago period. The airline said the results were due to lower fares that had stimulated the market and led to a boost in overall passenger numbers, as well as a windfall due to the removal of fuel surcharge.” Revenue rose 47% to MYR2.17 billion compared to 4Q2014, although CASKs rose 4% to MYR0.14 year-on-year. The ...

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