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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

Published Wed, Feb 25, 2015 · 09:50 PM

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 of RM520 million (S$195.4 million) - including RM168 million in the fourth quarter - prompted a chorus of sell calls with most analysts projecting tough times ahead notwithstanding lower fuel costs.

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