AirAsia X shares fall on the back of higher Q2 loss
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
THE shares of AirAsia X fell by slightly more than 6 per cent to 77 sen yesterday, as the budget carrier missed estimates by a mile as a result of higher operating expenses and another steep decline in yields.
The net loss of the airline, AirAsia's long-haul counterpart, widened to RM129 million in the second quarter to end June from RM32.3 million.
For the cumulative six months, its core net loss was nearly RM211 million, a sum Affin Investment Bank said was "grossly below both street and our expectations."
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
