AirAsia loss

AirAsia has posted its first net loss in two years, citing currency exchange losses and higher taxes. The airline said its net loss for the three months to December amounted to 429m Malaysia ringgit ($120m) from a MYR169m profit for the same quarter in 2013. The airline said foreign exchange losses of MYR647.6m together with higher airport landing costs in Malaysia had contributed to its poor results. AirAsia chief executive Tony Fernandes also said the December crash, which involved an Airbus A320-200 flying from Surabaya in Indonesia to Singapore, had caused a slight slowdown in demand at the beginning of