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. <\/p>\n
It was the airline’s fourth straight quarterly loss. <\/p>\n
“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. <\/p>\n
AirAsia X, the long-haul unit of AirAsia Group , also flagged expectations that international travel demand will be significantly poorer even after the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-365651","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365651"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365651\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}