KUALA LUMPUR -- Low-cost Southeast Asian carrier AirAsia Group reported a 804 million ringgit ($188 million) first-quarter loss on Monday, reversing a 96 million ringgit profit for the same period last year.
Founded by Malaysian tycoon Tony Fernandes, AirAsia attributed the loss to "collapsed demand for air travel" in February and March 2020 due to the coronavirus pandemic.
