KUALA LUMPUR: Malaysia-based AirAsia, the region’s biggest budget carrier by fleet size, Friday reported a fourth-quarter net profit of 554 million ringgit ($132 million) due to the performance of its Malaysian unit and lower fuel costs.
AirAsia’s boss Tony Fernandes, a former record industry executive, said in a statement the carrier looked at 2016 in “a positive light,” with the expected arrival of more Chinese tourists after Kuala Lumpur relaxed visa requirements.
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