"Robust" growth in passenger numbers and ancillary revenue helped boost AirAsia to a MYR203.2 million ($58 million) first-quarter profit, up 26% from the MYR161.3 million reported in the year-ago period. CEO Tony Fernandes said the industry downturn "provides unique long-term opportunities for AirAsia, as the lowest-cost producer, to grow rapidly, open new markets, win market share from competitors and speed up the pace of industry consolidation. . .Our strategy to continuously conduct ...

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