Shares in Asia`s biggest budget airline, AirAsia, fell as much as 7% on Friday after the firm posted a loss for the three months to September.
The Malaysian-based airline, which has operations in Indonesia and the Philippines, among others, posted a net loss on Thursday of 405.73 Malaysian ringgit ($95.8m; £63.4m).
The firm`s earnings were hurt by foreign exchange, it said.
Its Indonesian operations also dragged on the firm`s bottom line.
AirAsia`s share of Indonesia AirAsia`s net loss in the period came to 155.7m Malaysian ringgit.
However, the firm said it was working towards a better fourth quarter.
"We are working on increasing capacity in the fourth quarter to meet the strong demand due to the year end holidays and festivities," it said.
Thursday`s results come one day after the airline group posted the eighth straight quarter of losses at its long haul service, Air Asia X.
Next week, Indonesia`s national transport safety board is expected to announce the findings of AirAsia`s deadly crash that occurred in December 2014 when one of its carriers crashed into the Java Sea off of Indonesia, killing all 162 people on board.
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