AirAsia narrows net loss in second quarter

Looking ahead, AirAsia chief executive officer Tan Sri Tony Fernandes said the group will continue to evaluate funding, potential monetisation and other corporate exercises to ensure sufficient liquidity.

PETALING JAYA: AirAsia Group Bhd’s net loss in the second quarter (Q2) ended June 30 narrowed by almost 42% year-on-year (y-o-y), mainly due to an increased revenue from a low base as well as reduced operating expenses.

The group told Bursa Malaysia yesterday that its net loss for the latest second quarter was RM580.06mil as compared to a net loss of RM992.9mil in the previous corresponding quarter.