AirAsia owner Capital A to publish internal targets to improve transparency

SEOUL : Malaysia’s Capital A Berhad, owner of budget airline AirAsia, said on Monday it will start to publish internal business targets alongside quarterly results to give investors a better picture of the company’s financial outlook.

Capital A was hard hit by pandemic travel restrictions and classified by Malaysia’s stock exchange as ‘PN17’, or financially distressed. It is seeking to exit PN17 status.

It is also in the process of selling its AirAsia aviation business to long-haul unit…