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Earnings

Malaysia's AirAsia X posts fourth-quarter net loss on impairment, higher fuel expense

Updated : February 21, 2019 05:20 PM IST

The long-haul offshoot of Malaysia's flagship budget airline AirAsia Group said in an exchange statement it provided an impairment due from a joint venture amounting to 24 million ringgit ($5.89 million) during the fourth quarter.
The airline's average fuel price rose 29 percent from $69 to $89 per barrel during the period, and it also accounted for higher deferred tax.
Malaysia's AirAsia X posts fourth-quarter net loss on impairment, higher fuel expense

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