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

AirAsia says it is projected to achieve an average load factor - a measure of how full planes are - of 88 per cent in the third quarter based on the existing forward booking trend.

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-...