February 23, 2017 / 11:52 AM / 6 months ago

Malaysia's AirAsia posts 16 pct drop in fourth-quarter profit

KUALA LUMPUR, Feb 23 (Reuters) - AirAsia Bhd posted a 16 percent drop in fourth-quarter profit on Thursday, dragged down by a lower aircraft operating lease income.

The budget carrier's 48 percent drop in operating lease income pulled net profit down to 465.3 million ringgit ($104.63 million) from 554.1 million ringgit in the same period a year earlier on revenue that slid by 10.6 percent to 1.94 billion ringgit ($436.25 million).

The average forecast from two analysts was for profit of 200.7 million ringgit, Thomson Reuters data shows.

The airline said it remains positive on prospects for the group this year. ($1 = 4.4470 ringgit) (Reporting by Liz Lee; Editing by David Goodman)

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