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AirAsia Indonesia records US$110 million annual loss
April 24th 2023
AirAsia Indonesia had a net loss of 1.6 trillion rupiah (US$110 million) for the 12 months to December 31 compared with a net loss of 2.3 trillion rupiah a year earlier. Read More » Operating revenue was more than six times higher at 3.8 trillion rupiah, the company said in a regulatory filing. Operating expenses rose 121% to 5.1 trillion rupiah. “Strong pent-up demand is evident in flight ticket booking activities where travel restrictions are lifted and additional routes are re-opened. This supports the industry’s recovery both in the domestic and international markets,” AirAsia Indonesia said. “However, there is still substantial medical and economic uncertainty about the COVID-19 pandemic.”
