AirAsia's growth continued unabated in the third quarter despite the recession, as the LCC posted a MYR130.1 million ($38.4 million) profit that represented a reversal from the MYR465.5 million loss suffered in the year-ago period. A 19% year-over-year increase in passenger numbers to 3.8 million, rising ancillary income and a "relentless focus on costs" were key drivers of the result, CEO Tony Fernandes said. "While the airline industry is facing arguably the most difficult environment in ...

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