News
Capital A reports US$57 million quarterly profit
March 1st 2023
Capital A CEO, Tony Fernandes, said the company's aviation businesses made significant progress towards full recovery in the December quarter with the aviation, maintenance, logistics and digital group returning to the black. Read More » The company recorded a net profit of 256.2 million ringgit (US$57 million) for the three months to December 31 compared with a 756.6 million ringgit net loss in the same months in 2021. Revenue increased 188.4%, to 2.4 billion ringgit, Capital A said in a regulatory filing. “We are thrilled to end the year on such a high note,” Fernandes said. “Our aim is to return to pre-COVID capacity by year-end.”
