AirAsia group losses widens… – : Newsflight :
Airline , November 27,2020

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AirAsia group he posted 3Q2020 revenue of RM443 million, which is 86% decline year-on-year (“YoY”).

Airline revenue decreased 87% YoY but grew 5 times QoQ with the gradual increase in capacity in line with demand as countries began to ease lockdowns and travel restrictions.

Group posted a 3Q2020 EBITDA loss of RM454 million, as compared to EBITDA of RM691 million in 3Q2019.

Net operating loss for the period was RM1.2 billion, compared to RM2 million in profit in the previous corresponding quarter.

Non-airline revenue also declined 45% YoY.

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