AirAsia X Posts Quarterly Loss Amid Rising Fuel Costs
AirAsia X reported a net loss of 154.9 million ringgit for the first quarter as volatile jet fuel prices impacted operations. The carrier has suspended its 2026 financial targets and plans to raise capital through bond offerings later this year to manage refinancing and working capital needs.
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AIRASIA X BHD reported a 154.9 million ringgit ($39.41 million) net loss for the quarter ended March 31. The Malaysia based carrier swung from a 78.6 million ringgit profit in the previous quarter. Volatile fuel costs and integration risks forced the airline to suspend its fiscal 2026 financial targets.
