Malaysia's AirAsia X posts record quarterly loss of $5.9b

Malaysia's AirAsia X posts record quarterly loss of $5.9b

AirAsia deputy group CEO Aireen Omar said the airline is ready to take on industry giants Expedia and Booking.com with its own online travel business. Photo: Nikkei Asian Review

Malaysia’s AirAsia X Bhd on Monday posted a record quarterly loss of $5.9 billion, eight times more than a year ago, as a multi-billion-dollar provision to cover debts drove operating costs higher.