Malaysia-based AirAsia X reported a second-quarter net loss of MYR128.9 million ($40.9 million), widened from the MYR32.3 million net loss reported for the year-ago period. The long-haul, low-cost affiliate of the AirAsia Group attributes much of the deepening losses to its ongoing strategy of capacity and network expansion. AirAsia X CEO Azran Osman-Rani said: “Although our capacity expansion has put short-term pressure on earnings performance, the long-term strategic advantages are ...

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