AirAsia X most active counter, dips 5.26% on Q3 net loss

PETALING JAYA: AirAsia X Bhd's (AAX) share price continued to fall by 5.26% this morning, after it reported a net loss of RM43.3 million for the third quarter ended Sept 30, 2017 against a net profit of RM11.03 million in the same period last year.
At 10.44am, the stock, which was the most active counter, stood at 36 sen with 32.6 million shares changing hands. AAX has a market capitalisation of RM1.58 billion.
Yesterday, AAX told the stock exchange that its financial performance during the third quarter was dragged down by higher aircraft fuel expenses and operating expenses.
Its revenue, however, rose 14.5% from RM982.4 million to RM1.12 billion, supported by a 23% growth in passenger volume.