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 ...

Subscribe to Access this Entire Article

"AirAsia's strong earnings 'stark contrast' to global industry" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.