Thursday 13 August 2020
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todayonline - 1 month ago

Malaysia’s AirAsia logs record loss in Q1 results

KUALA LUMPUR, July 6 - Malaysian budget carrier AirAsia Group Bhd reported its largest quarterly loss on Monday, battered by a collapse in demand for air travel amid the coronavirus pandemic as well as losses on fuel hedges settlement. It reported a net loss of 803.3 million ringgit for the three-month period ended March, from 96.1 million ringgit net profit in the year ago period. Revenue was 15% lower at 2.31 billion ringgit. REUTERS


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