AirAsia X soars on forex gains and deferred tax

AirAsia X group chief executive officer Datuk Kamarudin Meranun(filepic) said in a pres statement:

KUALA LUMPUR: AirAsia X Bhd (AAX) recorded a jump in net profit to RM47.44mil in the second quarter (Q2) ended June 30 from RM1.02mil a year earlier, contributed by foreign exchange (forex) gains and deferred tax.

The long-haul budget carrier, which announced its unaudited Q2 results to Bursa Malaysia yesterday, continued to see pressure on its quarterly operating profit due to higher expenses such as for aircraft fuel.