Thursday, February 26, 2015

Malaysia's AirAsia posts first loss in two years - BBC News


AirAsia, one of the continent's most successful carriers, has posted its first net loss in two years, citing currency exchange losses and higher taxes.

In December, the Malaysian airline's Flight QZ8501 crashed into the Java Sea, with 162 people on board.

The firm said its net loss for the three months to December amounted to 429m Malaysia ringgit ($120m; £77.8m).

The result compares to a MYR169m profit for the same quarter a year earlier.

Read the full article here.

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