Indonesia AirAsia parent posts Rp514b Q2 loss
The parent company of Indonesia AirAsia posted an operating loss of Rp514b (US$34.7m) for Q2 of 2018, reversing the Rp212b operating profit last year, as it was pummelled by higher operating costs. AirAsia Indonesia's revenue for the quarter to 30 June fell 4.4% Rp1.83t. Expenses jumped 38% to Rp2.35t, driven by higher aircraft operating costs, and sales and marketing activities. Its attributable net loss narrowed 24% to Rp426b, as the company benefited from a Rp130b tax gain. Cash and cash equivalents as of 30 June 2018 stood at Rp119b, down from the Rp198b it had at the same time the year prior. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-09-04/unaligned/indonesia-airasia-parent-posts-rp514b-q2-loss
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Indonesia AirAsia parent posts Rp514b Q2 loss
The parent company of Indonesia AirAsia posted an operating loss of Rp514b (US$34.7m) for Q2 of 2018, reversing the Rp212b operating profit last year, as it was pummelled by higher operating costs. AirAsia Indonesia's revenue for the quarter to 30 June fell 4.4% Rp1.83t. Expenses jumped 38% to Rp2.35t, driven by higher aircraft operating costs, and sales and marketing activities. Its attributable net loss narrowed 24% to Rp426b, as the company benefited from a Rp130b tax gain. Cash and cash equivalents as of 30 June 2018 stood at Rp119b, down from the Rp198b it had at the same time the year prior. <br/>
