Agence France-Presse . Kuala Lumpur

AirAsia, Asia's largest low-cost carrier, said Wednesday the outlook for 2008 was bright despite volatile oil prices after posting a 73 per cent profits surge in the quarter ending December 2007.

Tony Fernandes, group chief executive officer, said passenger volume was expected to grow by 20 per cent in 2008 on the back of lower operating costs with the introduction of new efficient Airbus A320 aircraft.

Agence France-Presse . Kuala Lumpur

AirAsia, Asia's largest low-cost carrier, said Wednesday the outlook for 2008 was bright despite volatile oil prices after posting a 73 per cent profits surge in the quarter ending December 2007.

Tony Fernandes, group chief executive officer, said passenger volume was expected to grow by 20 per cent in 2008 on the back of lower operating costs with the introduction of new efficient Airbus A320 aircraft.

'Cost items excluding fuel is expected to reduce further due to the induction of cost efficient Airbus A320 aircraft into the fleet,' he said.

AirAsia said its profits soared to 246 million ringgit ($77m) for the three-month period ended December 31, 2007 after 24 consecutive profitable quarters.

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