AirAsia Group Ends 2019 With A Loss; Prepares For COVID-19 Effects

a320
Credit: AirAsia
After posting a healthy profit of MYR1.7 billion ($401.3 million) in fiscal 2018, AirAsia Group posted a MYR286 million loss for fiscal 2019 ended Dec. 31, 2019, dragged down by its Indian subsidiary and a host of other costs. The Malaysia-based airline group’s loss before tax was MYR549.8 million...

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