Malaysia’s AirAsia reports first-quarter loss as virus hits demand – ZAWYA

Malaysia’s AirAsia reports first-quarter loss as virus hits demand – ZAWYA

Malaysia's AirAsia reports first-quarter loss as virus hits demand | ZAWYA MENA Edition HomeBusinessArticleMalaysia's AirAsia reports first-quarter loss as virus hits demand Passengers carried during the quarter fell 22% to 9.85mln    AirAsia planes are seen parked at Kuala Lumpur International Airport 2, during the movement control order due to the outbreak of the coronavirus disease (COVID-19), in Sepang, Malaysia April 14, 2020.KUALA LUMPUR - Malaysia's flagship budget carrier AirAsia Group Bhd on Monday reported a first-quarter loss, battered by a collapse in air travel demand resulting from the coronavirus pandemic, as well as losses on a fuel hedges settlement.AirAsia reported a net loss of 803.3 million ringgit ($187.91 million) for the three-month period ended March, from 96.1 million ringgit net profit in the year-ago period.This was the company's biggest first-quarter loss since it listed on the Malaysian bourse in November 2004, based on Refinitiv data.AirAsia reported a net loss of 803.3 million ringgit ($187.91 million) for the three-month period ended March, from 96.1 million ringgit net profit in the year-ago period.KUALA LUMPUR - Malaysia's flagship budget carrier AirAsia Group Bhd on Monday reported a first-quarter loss, battered by a collapse in air travel demand resulting from the coronavirus pandemic,