ASIATODAY.ID, JAKARTA – PT AirAsia Indonesia Tbk is facing severe financial headwinds. By the third quarter of 2025, the budget airline reported a net loss attributable to owners of the parent company of around $61 million, a surge of 64.6% compared with $37 million in the same period last year.
According to the company’s financial disclosure to the Indonesia Stock Exchange (IDX), AirAsia’s operating revenue actually increased to $374 million from $366 million in Q3 2024.
However, the growth was offset by higher operating expenses, which rose to $404 million from $389 million.
The company attributed the ballooning losses primarily to foreign exchange losses from operations amounting to $11.3 million, reversing a previous gain of $4.5 million. As a result, AirAsia’s operating loss widened to $29.1 million from $22.8 million a year earlier.
Further pressure came from foreign exchange losses related to financing activities, totaling $11.1 million, compared with a gain of $5.2 million in the previous year. Consequently, loss before income tax soared to $60.9 million, up from $37 million in Q3 2024.
From a balance sheet perspective, AirAsia’s total assets declined to $347 million from $353 million at the end of 2024. Meanwhile, its capital deficiency attributable to owners of the parent deepened to $642 million, compared with $580 million a year earlier.
The management noted that oil price volatility and currency fluctuations remain ongoing challenges in the aviation industry.
“The company continues to strive for operational efficiency to balance these fluctuations,” AirAsia’s management said in its official statement quoted on November 6, 2025.
Despite the financial strain, AirAsia remains optimistic about Indonesia’s aviation market, emphasizing that the number of aircraft in operation remains significantly lower than before the pandemic — a gap that presents both an opportunity and a responsibility.
“Market demand will remain strong given Indonesia’s vast archipelagic geography and large population, which represent immense potential. This situation is both a challenge and an opportunity for AirAsia to contribute to addressing the current shortage,” management added.
With a capital deficiency nearing $610 million, AirAsia is under growing pressure to strengthen its financial recovery strategy and maintain competitiveness in the post-pandemic aviation landscape. (AT Network)
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