Robust demand and a 10% increase in its average fare helped AirAsia avoid the pitfalls plaguing most of the industry during the first quarter as the Malaysian LCC reported a MYR161.3 million ($49.7 million) net profit that represented an 86% improvement over the MYR86.9 million profit earned in the year-ago quarter. In fact, the airline claimed that the current industry downturn may even afford certain advantages. "A consumer slowdown is not necessarily a bad thing because low-cost carriers ...

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