Malaysia's AirAsia X reports record quarterly loss of $5.9bln

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The quarterly loss was the ninth in succession for the airline, an affiliate of AirAsia Group Bhd.

The net loss for the April-June period widened to 24.6 billion ringgit ($5.88 billion), from a 305.2 million ringgit loss a year ago.

Revenue dropped 20.9% to 72.3 million ringgit, versus 91.4 million ringgit.

The airline said it made provisions of 23.8 billion ringgit to its creditors during the quarter.

($1 = 4.1870 ringgit)