AirAsia A320. Photo: Courtesy, Airbus. AirAsia reported second quarter net income of MYR199 million ($63 million), up 43% over a MYR139.2 million profit in the year-ago period, and announced that it will defer delivery of seven A320s from 2011 to 2015. "Capacity concerns … are one reason for the deferments," CEO Tony Fernandes said in a statement. "Another is our strategy to lower our gearing ratio, ensure we have the sufficient revenue from our operations to ...

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