Malaysia's AirAsia X reports larger Q3 loss

Reuters Updated - November 21, 2018 at 04:26 PM.

Malaysia's AirAsia X Bhd reported a third-quarter net loss of 197.5 million ringgit ($47.10 million) on Wednesday dragged down by higher fuel prices.

The long-haul budget offshoot of AirAsia Group Bhd posted a loss of 43.3 million ringgit for the July-September quarter a year earlier.

Revenue fell 4.2 percent to 1.08 billion ringgit on lower fares.

Published on November 21, 2018 10:56