July 30, 2020 / 11:52 AM / 9 days ago

Malaysia's AirAsia X falls to Q1 loss on pandemic impact

KUALA LUMPUR, July 30 (Reuters) - Malaysia's AirAsia X Bhd fell to a net loss in its first quarter, a fourth straight quarterly loss as the pandemic slowed air travel demand.

The long-haul arm of AirAsia Group Bhd recorded a net loss of 549.7 million ringgit ($130 million) for the January-March quarter versus a profit of 43.3 million a year earlier.

Revenue fell 21% to 924.1 million ringgit.

Passengers carried fell 25% to 1.14 million and the airline's load factor, which measures how full planes are, shrank 11 percentage points to 74%.

Unit costs rose 16% while unit revenue registered zero growth despite ancillary revenue per passenger growing 8%.

$1 = 4.2370 ringgit Reporting by Liz Lee; editing by Jason Neely

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