Higher operating costs drag AirAsia X into the red in Q2 2014

KUALA LUMPUR: AirAsia X Bhd, the long-haul low-cost airline affiliate of the AirAsia Group, posted net losses of RM128.78mil in the second quarter ended June 30, 2014 as it was impacted by higher operating expenses but it expects to return to profitability.

Its chief executive officer Azran Osman-Rani said on Tuesday although its capacity expansion had put short-term pressure on earnings performance, the long-term strategic advantages were very compelling.