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CORRECTED-Malaysia's AirAsia Q1 profit falls 30 pct on higher fuel costs
May 25, 2017 / 10:29 AM / in 6 months

CORRECTED-Malaysia's AirAsia Q1 profit falls 30 pct on higher fuel costs

(Corrects first paragraph to read ”...and load factor.“ instead of ...and improvements at its loss-making affiliates.”)

KUALA LUMPUR, May 25 (Reuters) - Malaysian low-cost airline AirAsia Bhd reported a 30 percent drop in its quarterly net profit as higher fuel expenses offset a rise in passenger numbers and load factor.

Net profit for the first quarter ended March 30 was 615.8 million ringgit ($143.98 million), versus the 877.8 million ringgit reported a year earlier.

AirAsia’s revenue rose 31 percent to 2.2 billion ringgit. ($1 = 4.2770 ringgit) (Reporting by Liz Lee; Editing by Muralikumar Anantharaman)

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