Wednesday, 21 November 2018

More losses at Air Asia X

Malaysia’s AirAsia X reported a third-quarter net loss on Wednesday, November 21st, it was the second consecutive quarter the company reported losses, which it blames mainly on fuel prices. Indeed, the airline says that the cost of fuel had risen by more than 40% and that will have an impact on the development of the AirAsia Group and may be a challenge for long-haul expansion plans. A reduction in international tourism from various regions, especially from China, would also have an effect on total revenues.