AirAsia Quarterly Profit Falls on Fuel, Finance Expenses
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AirAsia Bhd., the region’s biggest budget carrier, reported its first drop in profit in five quarters as higher fuel and finance costs eroded gains from carrying more passengers.
Net income fell 39 percent to 104.8 million ringgit ($35 million) in the three months ended March 31, the Sepang, Malaysia-based airline said in a statement yesterday. Revenue climbed 11 percent to 1.30 billion ringgit.