You are here

AirAsia X busts forecasts in 3rd straight quarter of losses

After-tax loss of RM211m puts pressure on it to turn around and prove that expansion is the way to go

AirAsia X put the third consecutive quarter of losses down to large average seat per km increases of more than 40 per cent, which pushed yields lower as more fares were sold at promotional prices.

Kuala Lumpur

AIRASIA X (AAX) has racked up a third consecutive quarter of net operating losses.

The long-haul budget carrier ran up a loss before tax (LBT) of RM224.5 million (S$86.9 million) - from RM19 million a year ago - as a result of a 42 per cent increase in operating