AAGB
KUALA LUMPUR: AirAsia Group reported a surge in second-quarter net profit on the back of a tax benefit, but operating profit fell sharply as fuel and maintenance costs increased.
The budget carrier said on Thursday that net profit for April-June rose by 147% to RM361.8mil. However, that was mainly thanks to a one-off tax benefit from the sale of aircraft last year and masked underlying challenges, particularly for long-haul arm AirAsia X
, which swung into the red.
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