{"id":416132,"date":"2021-05-21T08:45:34","date_gmt":"2021-05-21T03:15:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416132"},"modified":"2021-05-21T09:10:47","modified_gmt":"2021-05-21T03:40:47","slug":"airasia-posts-record-quarterly-loss-as-pandemic-devastation-continues","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airasia-posts-record-quarterly-loss-as-pandemic-devastation-continues\/","title":{"rendered":"AirAsia posts record quarterly loss as pandemic devastation continues"},"content":{"rendered":"<p>Malaysian long-haul budget airline AirAsia X Bhd reported a record loss for the first three months of the year and its eighth quarterly loss in a row as the coronavirus pandemic devastated demand for air travel.<\/p>\n<p>The airline, an affiliate of AirAsia Group Bhd, on Thursday reported a net loss of 5.67 billion ringgit ($1.37 billion) in January-March, more than 10 times the loss of 549.7 million ringgit seen in the same period last year. <\/p>\n<p>The loss was primarily attributable to the impairment of assets, it said in a statement.<\/p>\n<p>Revenue for the quarter fell 11.2% to 38.5 million ringgit.<\/p>\n<p>AirAsia said it has assessed the recoverability of its assets in light of the Covid-19 pandemic and its restructuring process, and impaired those assets by 5.28 billion ringgit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysian long-haul budget airline AirAsia X Bhd reported a record loss for the first three months of the year and its eighth quarterly loss in a row as the coronavirus pandemic devastated demand for air travel. The airline, an affiliate of AirAsia Group Bhd, on Thursday reported a net loss of 5.67 billion ringgit ($1.37 billion) in January-March, more than 10 times the loss of 549.7 million ringgit seen in the same period last year. The loss was primarily attributable to the impairment of assets, it said in a statement. Revenue for the quarter fell 11.2% to 38.5 million ringgit. [&hellip;]<\/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-416132","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\/416132","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=416132"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416132\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}