Malaysia’s AirAsia X posts Q3 loss on rising costs

KUALA LUMPUR: AirAsia X Bhd posted today a net loss for the third quarter versus a year-ago profit, as the long-haul low-cost carrier bore higher costs and lower unit revenue leading to operating losses in its biggest markets — Malaysia and Thailand, Reuters reported.

For the July-September period, the airline reported a net loss of RM43.3 million, compared with RM11 million profit a year earlier.

Revenue climbed to RM1.12 billion ringgit, supported by a 23% growth in passenger volume and 4% increase in ancillary revenue per passenger.

The third quarter is traditionally one of AirAsia X’s leanest periods.

Higher fuel prices during the period compared to a year ago added to the airline’s costs.

lagi info di : Gosip Artis Terkini

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