Q3 net loss for AirAsia X

AirAsia X has reported a net loss during the third quarter of MYR211 million ($62.7 million), compared to a profit of MYR26.4 million in Q32013. Revenue rose by 16% to MYR698.76 but the airline’s operating expenses rose 43% during the reporting period to MYR842.53 million. This produced an operating loss of MYR140 million, compared to a profit in the year-ago period of MYR24.95. AirAsia X blamed a softening of demand in its home market although it hopes that a general capacity slowdown in the region could help fourth quarter figures. Passenger numbers rose by 23.8% to just over one million