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By Alfred Chua2021-07-02T02:48:00+01:00
The parent company of low-cost carrier Indonesia AirAsia widened its operating loss for the first quarter, amid a revenue plunge from the coronavirus pandemic.
For the three months ended 31 March, AirAsia Indonesia reported an operating loss of Rp685 billion ($47 million). This compares to the Rp353 billion operating loss it disclosed in 2020.
Source: Wikimedia Commons
The company saw its quarterly revenue plummet 83% year on year to Rp224 billion, outpacing a 46% drop in costs, which came in at Rp909 billion.
As with other carriers in the region, passenger revenue was worst-hit, as travel restrictions put a halt on international travel, and dampened domestic travel demand.