Capital A posts 4Q net profit of RM256.2mil as air travel rebounds

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Capital A aims to have its entire fleet of 204 planes back online by the third quarter of 2023.

will continue to strengthen its market presence in Asean and aim to have its entire fleet of 204 planes back online by the third quarter of 2023.

“Cost optimisation remains our key focus as we are committed to building a sustainable business, while providing low fares to our passengers. Further cost reductions and greater network connectivity is expected from the recent joint venture between AirAsia Aviation Group Limited and Sivilai Asia to establish AirAsia Cambodia,” Capital A said in a filing with Bursa Malaysia.

Additionally, ADE is working towards obtaining approval to expand its scope of service offerings to be able to serve a wider client base, which in the long run will help ADE to achieve a balanced mix of revenue from AirAsia and regional third party airlines.

 

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