AirAsia X, the long-haul affiliate of Malaysia-based low-cost carrier (LCC) AirAsia, has reported a net loss of MYR86.9 million ($24.5 million) for the financial year to Dec. 31, 2013, reversing the MYR33.9 million profit reported for FY2012. High fuel costs and the strengthening of the dollar against the Malaysian ringgit were cited as particular contributors to the poor profit performance. However, the airline also reported a 17.3% increase in revenue year-on-year, to MYR2.3 billion from ...

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