The AirAsia Group reported a net profit of MYR46.8 million ($11.1 million) for the June quarter, down 85% from the same period a year earlier. Several factors contributed to the group’s net profit decline. These included the recognition of prior years’ losses in AirAsia India, higher maintenance and overhaul costs, and a fine from Malaysia’s competition watchdog agency. The AirAsia Group includes the Malaysian, Indonesian and Philippine units for financial reporting ...

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