Malaysia's AirAsia X posts Q4 net loss on impairment, higher fuel expense
Malaysia's AirAsia X recorded its third consecutive quarterly loss Thursday, dragged down by an impairment provision while rising fuel costs also dented its performance in the October-December period. The long-haul offshoot of AirAsia Group said it provided an impairment due from a joint venture amounting to US$5.89m during Q4. The airline's average fuel price rose 29% from $69 to $89 per barrel during the period, and it also accounted for higher deferred tax. AirAsia X said it will be adding up to 5 aircraft through operating leases this year, via its Thai operation. The airline expects its prospects to remain encouraging, it said, with forward booking trend and average fares in Q1 of 2019 performing within expectations. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-22/unaligned/malaysias-airasia-x-posts-q4-net-loss-on-impairment-higher-fuel-expense
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Malaysia's AirAsia X posts Q4 net loss on impairment, higher fuel expense
Malaysia's AirAsia X recorded its third consecutive quarterly loss Thursday, dragged down by an impairment provision while rising fuel costs also dented its performance in the October-December period. The long-haul offshoot of AirAsia Group said it provided an impairment due from a joint venture amounting to US$5.89m during Q4. The airline's average fuel price rose 29% from $69 to $89 per barrel during the period, and it also accounted for higher deferred tax. AirAsia X said it will be adding up to 5 aircraft through operating leases this year, via its Thai operation. The airline expects its prospects to remain encouraging, it said, with forward booking trend and average fares in Q1 of 2019 performing within expectations. <br/>
