AirAsia Q1 net profit falls 23pc
Thursday, 26 May 2011
KUALA LUMPUR, May 25 (Gulf News): AirAsia Bhd, Southeast Asia's biggest discount airline, said first-quarter profit fell 23 per cent due to higher fuel, maintenance and staffing costs as it added flights amid a surge in global oil prices.
Net income in the three months through March slid to 171.9 million ringgit (Dh206.9 million), or 6.2 sen a share, from 224.1 million ringgit, or 9.1 sen a share, a year earlier, the Sepang, Malaysia-based carrier said in a statement yesterday.