AirAsia X 4Q net profit slips 17.6% on forex losses

KUALA LUMPUR (Feb 28): AirAsia X Bhd (KL:AAX) reported a 17.6% decline in net profit to RM22.56 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), from RM27.37 million a year earlier, as foreign exchange (forex) losses weighed on its bottom line.

The medium-haul low-cost carrier booked a RM34.48 million net forex loss during the quarter, reversing the RM50.6 million gain in 4QFY2023.

Despite the lower net profit, revenue grew 6.6% year-on-year (y-o-y) to RM872.35 million, driven…