KUALA LUMPUR: AirAsia X Bhd posted net loss of RM43.3 million for the third quarter ended 30 September 2017, compared to a net profit of RM11 million in the same quarter in 2016. AirAsia X Malaysia chief executive officer (CEO) Benyamin Ismail explained that this was due a one-off provision. However, the performance was set back by the one-off provision for doubtful debt of RM50.2 million,” he said in a statement. Its ancillary revenue per pax increased four per cent YoY, driven by the successful implementation of dynamic pricing across our products. The airline’s net gearing ratio continues to improve further at 0.49 times on the back of higher cash and lower net debt.

Source: New Strait Times November 23, 2017 11:37 UTC