AirAsia posted second-quarter net income of MYR139.2 million ($39.6 million), a nearly fifteen-fold improvement over a MYR9.4 million profit in the year-ago quarter. It credited robust traffic growth stimulated by low fares, growing ancillary revenue and "substantially lower" fuel prices for the strong performance. CEO Tony Fernandes noted that the LCC's results "stand in stark contrast to those of most legacy carriers" and pointed to its "three-prong strategy of lowering fares, stimulating ...

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