AirAsia's high pace of growth and strong profitability continued in its fiscal third quarter ended March 31 with a net profit of MRY86.9 million ($25.6 million), more than five times the MRY14.1 million earned in the year-ago quarter, on a 53% surge in revenue to MRY396.2 million. Operating profit more than doubled to MRY119.2 million from MRY50.1 million. "We continue to enjoy buoyant demand for our products," CEO Tony Fernandes said. "We successfully managed rapid capacity addition and ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.