BRIEF-AirAsia Group Posts Qtrly Net Loss 51.4 Million RGT

Nov 27 (Reuters) - Airasia Group Bhd:

* QTRLY NET LOSS 51.4 MILLION RGT

* QTRLY REVENUE 3.07 BILLION RGT

* YEAR AGO QTRLY NET PROFIT ATTRIBUTABLE 915.9 MILLION RGT, REVENUE 2.61 BILLION RGT

* FOR THE AIRLINE BUSINESS, LOAD FACTORS AND FARES FOR THE REST OF 2019 ARE EXPECTED TO REMAIN STRONG IN A SEASONALLY STRONG PERIOD

* HEDGED 86% FUEL REQUIREMENT FOR 4Q 2019 AT AVERAGE BRENT HEDGE PRICES OF US$60.72/BBL

* IN 2019, WE PLAN FOR A NET FLEET GROWTH OF 18 AIRCRAFT ACROSS OUR AOCS

* FOR YEAR FORWARD, HEDGED 73% OF YEAR 2020 REQUIREMENT AT AVERAGE BRENT HEDGE PRICES OF USD$60.22

* THE BOARD REMAIN POSITIVE THAT THE GROUP’S CORE PERFORMANCE WILL BE POSITIVE IN THE LAST QUARTER OF THE YEAR

* "WE LOOK FORWARD TO A BETTER YEAR IN 2020"

* "A321NEO WILL HELP US MEET ONGOING STRONG DEMAND AS WELL AS REDUCE THE AIRLINES COST PER AVAILABLE SEAT KILOMETRE" Source text http://bit.ly/37QSzDA Further company coverage: