News
Capital A CEO flags return to profitability in 2023
April 11th 2022
Capital A CEO, Tony Fernandes, is confident the company will return to profitability in 2023, local media reports, citing comments to reporters at a media event. Read More » “There is a lot of pent-up demand for air travel in Malaysia after the country reopened the border to international visitors on April 1,” he said. Fernandes said the company could have up to 200 aircraft back flying by the end of 2022. The Malaysia-listed Capital A, formerly known as AirAsia Group, reported a net loss of 3.1 billion ringgit (US$739 million) for calendar 2021 and a net loss of 5.1 billion ringgit for calendar 2020. The company's LCC businesses in Indonesia and the Philippines were doing well, Fernandes added.
