AirAsia reported MYR5.7 million ($1.6 million) in net income for its fiscal first quarter ended Sept. 30, reduced from an MYR8.7 million profit in the year-ago quarter, a 34.5% drop the airline attributed to more than MYR5 million in deferred taxation that negatively impacted otherwise strong results. Boosted by its takeover of most of the domestic network formerly operated by Malaysia Airlines, AirAsia's quarterly revenues rose 29% year-over-year to MYR239 million. Costs climbed 11.3% to ...

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