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PT AirAsia Indonesia posts US$112.8 million loss
December 2nd 2021
PT AirAsia Indonesia has reported a 1.6 trillion rupiah (US$112.8 million) net loss for the nine months to September 30, a deterioration from a 1.9 trillion rupiah net loss in the same months a year earlier. Read More » Operating revenues declined by 65%, to 487.4 billion rupiah, PT AirAsia Indonesia said in a regulatory filing to the Indonesia stock exchange but added operating expenses were down 43% at 2 trillion rupiah. The company said: "Getting back to normal operations was slow due to the challenges the group has been facing including imposition of travel restrictions by the government, restriction on levels of passenger capacity from physical distancing, international borders being closed, the application of very strict rapid or swab tests and the change in customer behaviour of avoiding non-essential travel," PT AirAsia Indonesia said. "There remain uncertainties regarding the group’s ability to continue as a going concern, which highly depends on the expected timing of recovery of the COVID-19 pandemic in conjunction with the actions undertaken by the government of Indonesia including the successful implementation of the vaccination program."
