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AirAsia X posts Q2 FY16 operating profit of RM20m


KUALA LUMPUR: Long-haul budget carrier AirAsia X posted an operating profit of RM20.03mil in the second quarter ended June 30, 2016, a stark contrast from the near RM100mil losses a year ago as its load and average base fare increased and it benefited from lower oil prices.

Announcing the turnaround was AirAsia X group CEO Datuk Kamarudin Meranun, who said while the second quarter has historically been a lean quarter for the carrier, “we have managed to overcome all odds and record our first second quarter profit since inception”. 

Corporate News , Airlines

   

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