AirAsia X Q4 net loss widens to RM168mil

PETALING JAYA: AirAsia X Bhd (AAX) saw its net loss widen to RM168.43mil for the fourth quarter ended Dec 31, 2014, from RM132.60mil in the previous corresponding period on higher operating expenses, foreign exchange losses on borrowings and fair value loss on fuel hedging contracts.

During the quarter in review, the long-haul low-cost carrier’s revenue increased 20.4% to RM819.27mil from RM680.45mil in the corresponding period in 2013. Its loss per share narrowed to 7.1 sen from 10.10 sen previously.