Covid-19 deals AirAsia Group net loss in Q1
Despite significant challenges facing the airline industry, proactive capacity and cost management, coupled with a strong performance from the non-airline businesses enabled AirAsia Group to report breakeven earnings before interest, tax, depreciation and amortisation. – Th Malaysian Insight file pic, July 8, 2020.
THE Covid-19 pandemic took a toll on AirAsia Group Bhd financial performance, pushing the airline group to record a net loss of RM967.15 million in the first quarter ended March 31, 2020 , against a net profit of RM21.31 million in the same quarter last year.Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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