Malaysian long-haul, low-cost carrier AirAsia X Berhad (AAX) reported a RM1.02 million ($252,241) net profit for the 2016 second quarter, the first 2Q net profit since the airline’s 2007 inception, the company said. AirAsia X posted a RM133 million net loss in 2Q 2015. Revenue for the quarter was up 35.2% year-over-year (YOY) to RM218 million while expenses increased 14.6% YOY to RM863 million; the airline group posted an operating profit of RM20 million, reversed from a ...

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