Covid-19: Malaysia’s AirAsia X posts first-quarter loss, seeks liquidity
KUALA LUMPUR (Reuters) – Malaysia’s AirAsia X Bhd fell to a net loss in its first quarter as the pandemic slowed air travel demand and continues to face severe liquidity constraints, it said in a bourse filing late Thursday.
It was the airline’s fourth straight quarterly loss.
“The management and the directors will continue to seek additional liquidity and work towards a material reduction of the company’s cost base to enable AirAsia X to continue as a going concern in the post COVID-19 environment,” it said.
AirAsia X, the long-haul unit of AirAsia Group , also flagged expectations that international travel demand will be significantly poorer even after the pandemic.
