Summary
- Solid revenue growth and EBITDA increase in 1Q2024 for Capital A Group, led by AirAsia Aviation.
- Ancillary revenue and average fares rose significantly, boosting overall profits despite operational costs.
- CEO Bo Lingam plans to expand fleet, activate new aircraft, and add international routes for continued growth.
This week, Capital A, the parent company behind AirAsia, released its unaudited financial results for the three months ending March 31, 2024 (1Q2024). The results cover a diversified range of group companies, including Capital A Aviation Services, Teleport, MOVE Digital and Capital A International.
Some solid results in 1Q
The Capital A Group generated first-quarter revenue of RM5.2 billion ($1.09b) and earnings before interest, tax, depreciation and amortization (EBITDA) of RM1 billion ($0.21b), increases of 107% and 105% compared to the first quarter last year. The Group achieved an adjusted net profit of RM305 million ($64m), a…
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