AirAsia says profits up in Q1
Budget carrier AirAsia said Monday its net profit had risen 10 percent in the first quarter of 2010 due to a strong increase in passenger numbers as demand improved region-wide.
Asia's largest low-cost carrier by fleet size said its net profit for the three months to March 31 had risen to 224.1 million ringgit (67.9 million dollars) compared to 203.2 million a year earlier.
"We are optimistic for the rest of the year," AirAsia Goup chief executive Tony Fernandes said in a telephone conference. "We are looking up good for the second quarter and very strong for third quarter."
Revenue for the quarter ended March 31 was up 10 percent year-on-year at 878 million ringgit. First quarter passenger numbers rose 17.1 percent to 3.69 million, from 3.15 million a year earlier.
Comments