Rising revenue and demand were little match for soaring fuel prices and the reduced value of the Malaysian ringgit as AirAsia posted a second-quarter profit of MYR9.4 million ($2.8 million) that represented a 95% plunge from the MYR185.1 million earned in the year-ago period. Still, CEO Tony Fernandes called it a "commendable performance" and said that the company will continue to "grow the business and expand the route network." Three months ago the LCC fended off dire profit warnings, with ...

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