AirAsia Group Bhd saw its net loss narrow to RM767.42 million for the first quarter ended March 31, 2021 (1QFY21), from RM803.85 million a year earlier. “A major portion of the loss for the period relates to depreciation of right-of-use (ROU) assets and interest on lease liabilities amounting to RM410.2 million (1QFY20: RM437 million) and RM116.8 million (1QFY20: RM141.4 million), respectively,” said the budget airline in a filing with Bursa Malaysia
