Long-haul, low-cost carrier (LCC) AirAsia X reported a first-quarter net profit of MYR10.3 million ($2.3 million), down 94% compared to net profit of MYR179.5 million in the year-ago quarter. First-quarter operating revenue was up 22% to MYR1.2 million and operating profit fell 43% year-over-year (YOY) to MYR60.3 million. Passengers carried rose 33%, lifting load factor by two percentage points to 84%. However, average fares fell 4% and unit revenues were down 6%–11%. Capacity for ...

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