Business

AirAsia X shares dip in early trade

Counter eases a half-sen, with 7.63 million units changing hands

Updated 5 years ago · Published on 20 Nov 2020 12:45PM

AirAsia X shares dip in early trade
AirAsia X reports that its net loss for the third quarter ended September 30 has widened to RM308.46 million. – November 20, 2020

KUALA LUMPUR – AirAsia X Bhd shares on Bursa Malaysia declined slightly in early trade today, as the group reported that its net loss for the third quarter ended September 30 has widened to RM308.46 million.

As at 11.25am, the counter eased half a sen to 6 sen, with 7.63 million shares changing hands.

The closure of international borders due to the Covid-19 pandemic dragged the long-haul carrier’s revenue down by 94% to RM59.91 million during the quarter under review from RM1.01 billion previously, it said in a filing with Bursa yesterday. – Bernama, November 20, 2020

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