Capital A expects better performance in H2 2024, says Tony Fernandes

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Kuala Lumpur: Capital A Bhd expects to see improved financial performance for the upcoming second quarter and the remainder of the second half of 2024 (H2 2024) for AirAsia, driven by improving travel demand coupled with bringing back over 250 planes into operation.

Kuala Lumpur: Capital A Bhd expects to see improved financial performance for the upcoming second quarter and the remainder of the second half of 2024 for AirAsia, driven by improving travel demand coupled with bringing back over 250 planes into operation.

It has taken delivery of 250 aircraft, with the balance comprising 362 A321neo, which includes 36 A321LR, as well as 20 A321XLR and 15 A330neo to be delivered over the next decade.In terms of route expansion, Fernandes said AirAsia will be flying to Nairobi, Kenya, in October, making AirAsia the first airline in Southeast Asia to fly to the destination.

He noted that the route expansion for Nairobi would also boost the cargo segments and businesses between Malaysia and Kenya, while students and tourists remain an important target market.

 

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