The Business Times
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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

Published Wed, Nov 19, 2014 · 09:50 PM

    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 expenses and higher forex losses.

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