AirAsia earned a MYR549.1 million ($161.1 million) profit in 2009, reversed from a restated MYR496.6 million loss in 2008, as it opened four new bases and grew market share "in every market we serve," according to CEO Tony Fernandes. The LCC's 2008 loss was its first since going public in 2004, and Fernandes said he does not anticipate a return to the red in the near future. "There are early signs that the global economy is stabilizing and the benefits are already visible in the aviation ...

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