AirAsia to expand fleet as Q2 revenue hits record on travel demand

Kuala Lumpur

AIRASIA Bhd said it would increase its fleet by 21 per cent in the second half of the year, in one of the fastest pace of expansions for the Malaysian low-cost airline, after reporting record quarterly revenues on rising travel demand.

The group, which saw its second-quarter net profit crater mainly due to a one-off charge, said it planned to add 22 planes to its fleet - at 106 as of end-June - through a combination of finance and operating leases in the second half of 2017.