Malaysia’s AirAsia looks beyond losses to travel return

Malaysian budget airline AirAsia Group reported its fifth consecutive quarterly loss on Tuesday as the COVID-19 pandemic took its toll on travel in the third quarter. Airlines have been badly hit by the coronavirus crisis, which brought air travel to a near standstill at its height earlier this year, forcing many to seek financial help.

Although encouraged by a resumption of domestic travel in Malaysia, Indonesia and the Philippines during the three-month period ended September, AirAsia said a spike in coronavirus cases in Malaysia and subsequent curbs had led it to reduce capacity in the country in October and November.