Budget carrier AirAsia's profit jumps 26 percent

[Slats7]

Budget carrier AirAsia's profit jumps 26 percent - Forbes.com

Budget carrier AirAsia said Thursday its net profit surged 26 percent in the first quarter from a year ago, reflecting the success of its aggressive network expansion amid the global economic slump.

 

[fortymilliondaggers]

Theyre not as cheap as they were, and on a number of routes in Thailand, their LCC competitors have disintegrated.

 

[JohnK]

He said the airline carried 3.15 million passengers during the period, up 21 percent from a year ago, showing that it had successfully stimulated the market to seize share from competitors.

AirAsia accounted for 44 percent of passenger traffic at Malaysia's main airport during the quarter.

Aggresive expansion strategy is paying off for Air Asia. Interesting to compare Air Asia's performance against Malaysian Airlines.

Centre for Asian Pacific Aviation