Capital A Berhad recently held its Sixth Annual General Meeting, where the financial results of FY2022 were received and all resolutions submitted were passed by its shareholders.
Thanking the shareholders for their support and confidence, Tony Fernandes, Chief Executive, Capital A said: “2022 has truly been a defining year for Capital A for many reasons: the company generated strong revenue of RM2.6 billion and recorded the first full year positive EBITDA since the beginning of the global pandemic. All businesses within the Group have benefited from the robust return of air travel and delivered stronger margin levels.”
The Group noted that all four airlines, AirAsia Malaysia, AirAsia Thailand, AirAsia Indonesia and AirAsia Philippines have a total of 157 aircraft reactivated as of 1Q2023, with enhanced profitability amid rationalised air fares and stabilising external factors. The Group reactivated 229 routes so far and plan to operate 290 as of 4Q2023.
“We are expanding across Asean based on a wide network and a strong brand, with the launch of AirAsia Cambodia expected to start operating in Q4,” Fernandes added.
The MRO arm of Capital A, Asia Digital Engineering (ADE) has seen high demand for services, with all seven lines for base maintenance and other maintenance visit fully booked for 2023, and now receiving requests for 2024 slots up to June.
On the Group’s Practice Note 17 (PN17) status, Fernandes added: “We have reported to Bursa Malaysia that an interim financial review is presently being carried out as part of the evaluation of the PN17 regularisation plan prior to any regulatory submission. The Company will make an immediate announcement once the plan has been finalised.”