A milestone quarter that featured the Malaysian government's decision to shift the bulk of domestic operations to AirAsia starting Aug. 1 and the opening of the low-cost terminal at Kuala Lumpur International Airport did not end with very good news on the LCC's bottom line, which showed a profit of MYR22.8 million ($6.3 million) for the fiscal third quarter ended March 31, narrowed from earnings of MYR40.7 million in the year-ago quarter. AirAsia said the decline "was mainly due to lower ...

Subscribe to Access this Entire Article

"Falling fares lead to falling profits at AirAsia" 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? ATWPlus@penton.com.

Already registered? here.