AirAsia X posts quarterly loss

AirAsia X has posted a quarterly net loss of RM5.67 billion for the quarter ended March 31, 2021. Revenue sank by 29.6% to RM38.49 as the majority of the airline’s fleet remains on the ground due to the pandemic. The airline’s liquidity is now at RM84.64 million as of March 31. AirAsia X remains in negotiation with lessors and creditors to restructure some RM64.15 billion of debt. “Malaysia itself will remain under the Recovery Movement Control Order until the end of August, which effectively prohibits outbound and inbound international travel, while the Australian borders remain closed and there are limitations