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Air Asia X shares take a beating on news of wage-bill woes

Intense competition first sent AAX into the red in FY2013; its first half 2014 loss was RM140m

Published Tue, Nov 18, 2014 · 09:50 PM
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Kuala Lumpur

MALAYSIA'S long-haul budget carrier Air Asia X (AAX) was one of the most heavily-traded stocks on the Kuala Lumpur stock exchange on Tuesday, declining 6 per cent to RM0.70 apiece on news that the carrier was having trouble meeting its wage bills.

The Edge Financial Daily, citing sources, reported on Tuesday that the carrier was …

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