19-Aug-2010 11:47 AM
AirAsia net profit up 43% for 2Q2010; Air New Zealand expanding services to Japan
Analysis
AirAsia (-1.8%) declined for Wednesday (18-Aug-2010) despite reporting a 43% year-on-year improvement in net profit for the three months ended 30-Jun-2010 to USD63.2 million. The result came as revenues rose 26% for the quarter to USD298.8 million, while the cost of sales rose 33.6% to USD167.2 million.
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