Malaysia: AirAsia logs record loss in first-quarter

KUALA LUMPUR – Malaysian budget carrier AirAsia Group Bhd reported its largest quarterly loss, battered by a collapse in demand for air travel amid the coronavirus pandemic as well as losses on fuel hedges settlement. It reported a net loss of 803.3 million ringgit for the three-month period ended March, from 96.1 million ringgit net profit in the year ago period. Revenue was 15% lower at 2.31 billion ringgit. (Reuters)