AirAsiaX at record low after net losses of RM210m in Q3 (Update)

  • Airlines
  • Wednesday, 19 Nov 2014

KUALA LUMPUR: AirAsia X , the long-haul low-cost carrier, saw its share price fall to a record low of 65 sen on Wednesday after it sank deeper into the red with net losses of RM210.95mil in the third quarter ended Sept 30, 2014.

At 4.23pm, it was down 4.5 sen to 65.5 sen. There were 48.98 million shares done at prices ranging from 65 sen to 71.5 sen.

At the midday break, AirAsia X announced the losses were a stark contrast to the net profit of RM26.44mil a year ago as it was impacted by higher operating expenses which surged 43.1%.

Revenue rose 16.2% to RM698.76mil from RM601.49mil a year ago. Loss per share 8.9 sen compared with earnings per share of 1.1 sen.

Airlines , Corporate News