Malaysia’s AirAsia posts record quarterly loss of $591m in December quarter

Photo: Reuters

Malaysia’s budget airline AirAsia Group Bhd reported a record quarterly loss on Monday, as depreciation and impairments deepened the impact of lockdowns, but said it was confident of a full recovery in two years’ time.

Net loss in the October-December period widened to 2.44 billion ringgit ($590.72 million) versus 384.4 million ringgit a year earlier, overtaking the 1.33 billion ringgit loss estimated in a Refinitiv poll.

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