AirAsia X retreats 3.7% after posting biggest loss

PETALING JAYA: AirAsia X Bhd’s (AAX) shares fell 1 sen or 3.7% yesterday to 25.5 sen as the long haul budget airline posted a wider net loss of RM125.9mil for the first quarter ended March 31, 2015.

Some analysts remain positive with Credit Suisse maintaining its 60 sen target price while Maybank Investment Bank Bhd and RHB Research Institute have a target price of 30 sen.