Air Asia X Airbus A330-300
Malaysia-based AirAsia X reported a second-quarter net loss of MYR128.9 million ($40.9 million), widened from the MYR32.3 million net loss reported for the year-ago period. The long-haul, low-cost affiliate of the AirAsia Group attributes much of the deepening losses to its ongoing strategy of capacity and network expansion. AirAsia X CEO Azran Osman-Rani said: “Although our capacity expansion has put short-term pressure on earnings performance, the long-term strategic advantages are ...
Subscribe to Access this Entire Article
"AirAsia X net losses deepen in 2Q on capacity and network expansion " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.