KUALA LUMPUR (Reuters) – Malaysia’s AirAsia X Bhd posted a record quarterly loss of $5.9 billion, eight times more than a year ago, as it made provisions for an amount payable to creditors, it said on Monday.
AirAsia Group BHD’s affiliate, AirAsia X Bhd suffered its ninth consecutive quarter-end loss.
After a net loss of 305.2million ringgit last year, the April-June loss was now 24.6 billion ringgit ($5.88billion).
The revenue fell 20.9%, to 72.3million ringgit, against 91.4million ringgit.
According to Fusion Media, the airline made provision of 23.8 million ringgit to creditors for quarter.
($1 = 4.1870 ringgit)
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