KUALA LUMPUR (AFP) – Budget carrier AiraAsia reported a wider fourth-quarter net loss of 429 million ringgit ($120 million) on Thursday, blaming exchange-rate changes and finance costs related to aircraft purchases.
But the airline group, which suffered a jolt with the crash in late December of a jet operated by its Indonesian unit, said its overall business remained healthy, with revenue up 16 per cent to 1.5 billion ringgit and operating profit climbing 12 per cent.
Flight QZ8501 was operated by Indonesia AirAsia – the group’s Jakarta-based affiliate – and crashed into the Java Sea on December 28 en route to Singapore from the Indonesian city of Surabaya, with 162 aboard.
AirAsia’s CEO Aireen Omar said in a statement that the company needed to have a lean operation without compromising safety, describing 2015 as a year for “cleaning up”.
“I will be focussing on making sure that the company improves its efficiency, manages its resources well, drives revenue up and (is) disciplined in maintaining our low-cost model to take advantage of a better competitive environment and lower fuel price,” she said.