Malaysia’s AirAsia X posts Q1 loss, seeks liquidity – ZAWYA

Malaysia’s AirAsia X posts Q1 loss, seeks liquidity – ZAWYA

Malaysia's AirAsia X posts Q1 loss, seeks liquidity The long-haul arm of AirAsia Group Bhd recorded a net loss of $130mln    A Thai Air Asia Airbus A320-200 plane prepares for take off at Don Mueang International Airport in Bangkok, Thailand, June 29, 2016. KUALA LUMPUR - Malaysia's AirAsia X Bhd fell to a net loss in its first quarter as the pandemic slowed air travel demand and continues to face severe liquidity constraints, it said in a bourse filing late Thursday.It was the airline's fourth straight quarterly loss."The management and the directors will continue to seek additional liquidity and work towards a material reduction of the company's cost base to enable AirAsia X to continue as a going concern in the post COVID-19 environment," it said.It was the airline's fourth straight quarterly loss.KUALA LUMPUR - Malaysia's AirAsia X Bhd fell to a net loss in its first quarter as the pandemic slowed air travel demand and continues to face severe liquidity constraints, it said in a bourse filing late Thursday."The management and the directors will continue to seek additional liquidity and work towards a material reduction of the company's cost base to enable AirAsia X to continue as a