AirAsia FQ3 Net Profit Declines 53%

AirAsia Bhd AIABF reported a 53% drop in its fiscal third-quarter net profit. AirAsia's quarterly net profit declined to MYR152.3 million, from MYR327.3 million, in the year-ago quarter. Its revenue climbed 9.9% to MYR1.08 billion from MYR979.7 million. AirAsia's fuel expenses surged 45% to MYR421.2 million. Its staff expenses climbed 38% to MYR126.3 million.