AirAsia X's net loss widens to RM308m in 3Q

On Oct 6, AAX announced a proposed debt restructuring scheme to reconstitute the RM63.5 billion debt into a principal amount of RM200 million, which is payable annually over a period of up to five years.

KUALA LUMPUR: AirAsia X Bhd’s (AAX) net loss widened to RM308.46 million in the third quarter ended Sept 30,2020, from RM229.89 million in the same quarter last year.

The closure of international borders following the COVID-19 pandemic dragged the long-haul carrier’s revenue down by 94 per cent to RM59.91 million during the quarter under review from RM1.01 billion previously.