Malaysia’s AirAsia X seeks creditor help as losses deepen
KUALA LUMPUR : AirAsia X Bhd needs creditors’ support to ride out the coronavirus crisis, the Malaysian long-haul budget airline said on Wednesday, as it posted a quarterly loss and revenue plunge.
The company reported a net loss of 305.2 million ringgit ($73.2 million) for the April-June quarter versus a net loss of 207.1 million ringgit a year earlier.
Revenue tumbled 91% to 91.4 million ringgit, it said in a bourse filing, as air travel was almost brought to a halt by restrictions to control the COVID-19 pandemic.
