Malaysian Tycoon Tony Fernandes’ AirAsia X Posts Record Quarterly Loss Of $5.9 Billion

AirAsia X—the long-haul affiliate of Malaysian tycoon Tony Fernandes’ AirAsia Group—reported its biggest-ever quarterly loss as travel restrictions to curb the further spread of Covid-19 grounded the budget carrier’s passenger planes.
AirAsia X—the long-haul affiliate of Malaysian tycoon Tony Fernandes’ AirAsia Group—reported its biggest-ever quarterly loss as travel restrictions to curb the further spread of Covid-19 grounded the budget carrier’s passenger planes.