Malaysia’s Capital A Berhad, owner of budget airline AirAsia, swung to an annual loss in 2024 due mainly to foreign exchange fluctuations, it reported on Friday, but said it expects to return to profit this year.
Capital A made an attributable loss of 475.1 million ringgit ($106.5 million) for 2024, from a profit of 255.3 million ringgit in the previous year.
The company said the loss was largely due to 1.4 billion ringgit in one-off forex losses mainly in its aviation business, which also…
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