Airline

AirAsia reports sharp fall in Q4 profit

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AirAsia reports sharp fall in Q4 profit

AirAsia has posted a 19% drop in fourth-quarter profit to 245 million ringgit although revenue remains flat at 1.35 billion ringgit. Operating profit for the fourth quarter declined 2% to 315 million ringgit due to higher aircraft maintenance costs and lower fares. Much of the fall is due to currenc...

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