Malaysian long-haul low-cost carrier AirAsia X has reported a 2015 third-quarter net loss of RM288 million ($64.4 million), deepened from a RM210 million loss in the year-ago period. AirAsia X CEO Benyamin Ismail said the results were due primarily to a slump in exchange rates for the Malaysian ringgit. “The USD:MYR depreciation of 36% year-on-year has caused us a substantial forex loss of RM241 million in 3Q15,” he said. Third-quarter revenue rose 13% to RM793 million while ...

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