News
AirAsia X reports quarterly net loss of 154 million ringgit
May 18th 2026
AirAsia X (AAX) has reported a net loss of 154.9 million ringgit (US$39 million) for the three months to March 31 2026. Read More » As this is the first quarterly results the company has released since it acquired the AirAsia group of airlines from Capital A, AAX did not publish comparable net profit from the same three-month period in 2025. Revenue was 5.95 billion ringgit for the period, AAX said in a regulatory filing, up 2% on a proforma basis from the prior year. Operating profit fell 32% to 199 million ringgit, again on a proforma basis. "Elevated jet fuel price volatility and geopolitical uncertainties have begun to weigh on what had been a great start to the year," the company’s group CEO, Bo Lingam, said. "We are navigating a period of tactical agility, prioritising yield and margin protection over volume." The LCC group has temporarily suspended 21 routes and cut capacity by about 10% across its network. The latest of these cuts, announced late last week, was the withdrawal of Adelaide-Bali and Melbourne-Bali nonstop services, operated by Indonesia AirAsia, from June 18. Indonesia AirAsia general manager, Captain Achmad Sadikin Abdurachman, said the current operating environment had made these routes no longer viable.
