AirAsia reported net income of MYR126.9 million ($34.3 million) for its fiscal year ended June 30, an increase of 14% over net income of MYR111.6 million last year, on a 28% jump in revenues to MYR856 million. "The revenue growth was driven by a 30% growth in passengers carried, a 4% decline in average fares and a higher contribution mix from ancillary income," the carrier said in statement. "The lower fares enticed strong traffic growth and improved load factors." Traffic was up 37% to 6.7 ...

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