Dollar factor: An AirAsia office in Sepang. The strategies that AirAsia had deployed to increase cash and improve net gearing were working but the airline was affected by the strengthening US dollar. – Reuters
PETALING JAYA: Budget airline operator AirAsia Bhd posted a net loss of RM405mil for the third quarter ended Sept 30 on higher foreign exchange losses as well as losses suffered by its Indonesian affiliate.
However, operating profit rose 58% to RM316mil in line with strong sales over the period as travel activity peaked during the festive celebrations in August.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
