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AirAsia puts profit over expansion as local rivals fight back

Southeast Asian battles slice operating profit as Vietnam entry looms

Although AirAsia throughout Southeast Asia, but faces stiff competition outside its home turf of Malaysia. (Photo by Keiichiro Asahara)
AirAsia has built a network of budget airlines across much of Asia but has only been able to find reliable profits in Malaysia. (Photo by Keiichiro Asahara)

SINGAPORE -- Budget airline AirAsia took a hit from fierce local competition throughout Southeast Asia last year, earnings released on Feb. 27 show, prompting the Malaysia-based powerhouse to pause expansion and focus on profit after diving into Vietnam this summer.

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