AirAsia's net profit soars


Commenting on the results, AirAsia chief executive officer (CEO) Aireen Omar said in the statement that the airline saw good growth and earnings in the second quarter despite it historically being the company

PETALING JAYA: AirAsia Bhd’s net profit for its second quarter ended June 30, soared 41% to RM342.12mil from RM243.03mil in the previous corresponding period, boosted mainly by the increase in aircraft operating lease income and reduction in the average fuel price to US$59 (RM236) per barrel in the second quarter of 2016 from US$78 (RM312) a year earlier.

Revenue in the second quarter increased to RM1.62bil from RM1.32bil in the previous corresponding period.

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