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AirAsia X slips 3% after posting wider-than-expected losses

Airline reports full-year net loss of RM520m; analysts expect continued losses for another year or two

To turn around the business, the carrier's management has indicated that it will focus on maximising revenue through higher base fare and ancillary income, cost reductions and capacity management.

Kuala Lumpur

SHARES of AirAsia X slipped 3.2 per cent to 60 sen on Wednesday after the budget long-haul carrier posted wider-than-expected losses for the fiscal year to end December, with analysts projecting continued losses for another year or two.

The airline's full-year net loss