AirAsia may miss 2020 target due to Covid-19 outbreak


KUALA LUMPUR: AirAsia Group Bhd reported a second straight quarterly losses and warned that the company is likely to miss its own internal target for 2020 due to the coronavirus (Covid-19) outbreak.

For the fourth quarter ended Dec 31, AirAsia posted a net loss of RM384.5mil on revenue of RM3.36bil.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
AirAsia

Next In Business News

Jinhua – a trading hub without borders
Asia bonds for diversification
Singapore’s financial sector a big winner
AI disruption fears rock markets
Up in Arms - or up the value chain?
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use
Chow Tai Fook courts the young
From the ashes of Fluff comes Big Mouth

Others Also Read