The AirAsia Group saw its net profit nearly double in the third quarter thanks to one-off items, but operating profit dropped significantly mainly because of rising fuel costs. The group reported a 3Q net profit of RM804 million ($192 million), up from RM434 million in the same period a year earlier. The result was boosted by the sale of its stake in a joint venture with Expedia, and the reversal of deferred tax liabilities. Excluding these factors, the group’s operating profit was ...

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