PETALING JAYA: AirAsia Bhd's net profit declined 23% to RM171.93mil for the first quarter ended March 31 from RM224.11mil posted in the same quarter last year, mainly due to lower unrealised foreign exchange gains.
However, the airline recorded a revenue growth of 21% to RM1.05bil compared with RM870.61mil posted in the same quarter previously due to a 17% increase in passenger volume and higher ancillary income per passenger which rose year-on-year (yoy) by 31% to RM50 from RM38.
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