AirAsia Group reported a first-quarter net profit of RM101.6 million ($42.2 million), down 91% from RM1.1 billion in the year-ago period. Revenue for the quarter rose 9% year-over-year (YOY) to RM2.8 billion. The growth in revenue was offset by costs related to a 17% YOY increase in capacity, “incurring more operations staff costs, route charges and landing charges,” the carrier said. Unit costs were up 9% and unit costs excluding fuel increased 11%. The group’s core ...

Subscribe to Access this Entire Article

"AirAsia's 1Q profit down 91% on capacity growth" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.