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Nikkei Markets

Malaysia's AirAsia Group predicts better results for 2019

Carrier to stay focused on digitization to control costs after quarterly loss

AirAsia's optimistic stance comes as the group seeks to transform itself into an asset-light, digitally focused firm.   © Reuters

KUALA LUMPUR (Nikkei Markets) - Malaysia's AirAsia Group Wednesday forecast its overall performance to improve this year, after a surge in fuels costs and high operating lease expenses dragged Southeast Asia's largest budget carrier by fleet to a net loss in the fourth quarter.

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