Thai AirAsia (TAA), Thailand's largest low-cost carrier, posted a 109% jump in second-quarter profit, aided by an increase in passengers, lower fuel prices and foreign exchange gains.
The airline made a net profit of 499 million baht on a 21% year-on-year surge in revenue to 5.36 billion baht, executives said yesterday.
TAA carried 2.4 million passengers, up from 1.9 million a year earlier. That represented a 25% increase that outstripped capacity growth of 20% resulting from an expanded fleet that had grown to 29 by the end of June.
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