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Capital A optimistic “it is the beginning of the end” of COVID
May 3rd 2022
Writing in its 2021 annual report, Capital A said it was "cautiously optimistic that this is the beginning of the end of the pandemic". Read More » The company, led by Datuk Kamarudin Meranun and Tony Fernandes, said many countries in the Association of Southeast Asian Nations (ASEAN) had opened their borders to international tourists thanks to high vaccination rates, better education and testing. "At AirAsia, we have been bringing more and more of our aircraft out of hibernation, as travel restrictions gradually ease, to meet strong pent-up demand," Capital A said. "After almost two years of having their wings clipped, people simply cannot wait to travel again. We believe all the signs point to regional air travel returning to some measure of normalcy within the year and that international air travel will recover rapidly throughout 2022 and the years ahead." 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 in the same months in 2020.
