Malaysia’s flagship budget carrier AirAsia Group Bhd on Thursday posted a 49 percent drop in its operating profit for the third quarter, hurt by higher fuel costs.<\/p>\n
Its operating profit was 253 million ringgit ($60.50 million), compared with 494 million ringgit a year earlier. <\/p>\n
Its net profit for the quarter, however, soared about 81 percent, largely on a one-off gain from the sale of a business and reversal of deferred tax liabilities.<\/p>\n
AirAsia’s net profit for the July-September period rose to 915.9 million ringgit, from 505.3 million ringgit a year ago.<\/p>\n
Revenue climbed 6.6 percent to 2.61 billion ringgit.<\/p>\n","protected":false},"excerpt":{"rendered":"
Malaysia’s flagship budget carrier AirAsia Group Bhd on Thursday posted a 49 percent drop in its operating profit for the third quarter, hurt by higher fuel costs. Its operating profit was 253 million ringgit ($60.50 million), compared with 494 million ringgit a year earlier. Its net profit for the quarter, however, soared about 81 percent, largely on a one-off gain from the sale of a business and reversal of deferred tax liabilities. AirAsia’s net profit for the July-September period rose to 915.9 million ringgit, from 505.3 million ringgit a year ago. Revenue climbed 6.6 percent to 2.61 billion ringgit.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-192472","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/192472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=192472"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/192472\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=192472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=192472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=192472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}