PETALING JAYA: AirAsia X Bhd
is temporarily withholding its previously announ-ced internal targets for 2026 after it logged a net loss of RM154.9mil for the first quarter ended March 31, 2026 (1Q26).
In a filing with Bursa Malaysia, the airline group said it will do so until “the operating environment stabilises”.
The group posted a revenue of RM5.95bil in 1Q26.
AirAsia X said the net loss incurred was due to the net foreign exchange (forex) losses of RM232.2mil from the depreciation of local currencies including Thai baht, Indonesian rupiah and Philippine peso against the US dollar during the quarter.
The group said about 15% of the fleet (204 operating aircraft at the end of quarter) was not in operation during the quarter.
Its net operating profit stood at RM198.6mil, before accounting for depreciation and the finance cost for non-operating aircraft at RM79.7mil and RM33.9mil, respectively, totalling RM113.6mil.
The company added that operating cashflow was positive in 1Q26 due to overall improvement in the business.
AirAsia X said 1Q26 presented a challenging macro environment, characterised by extreme jet fuel price volatility and geopolitical uncertainties.
In response to the sharp escalation in jet fuel prices that began in March 2026, the group has pivoted its immediate focus towards disciplined margin protection and cost neutrality. The company has proactively implemented fare adjustments and fuel surcharges across its network.
