KUALA LUMPUR, 31 May 2022: Capital A Berhad (formerly known as AirAsia Group Berhad) has reported its financial results for the first quarter of 2022 that showed the consolidated group posted revenue of MYR812 million, up 153% year-on-year and down by 1% quarter-on-quarter comparison.
Aviation revenue grew significantly by 226% YoY and 5% QoQ to MY601 million off the back of the improved demand during the festive season, together with the further easing of travel restrictions in 1Q2022. The group’s logistics arm, Teleport reported considerable revenue growth of 58% YoY to MYR147 million. Digital businesses consisting of AirAsia Super App and BigPay reported robust revenue growth of 46% YoY. The aviation, logistics and digital companies have contributed 74%, 18% and 8%, respectively, of the revenue in 1Q2022.
Overall, the group’s EBITDA was MYR309 million, which improved by 12% and the Net Loss Before Tax was MYR1,076 million. Several factors offset the big improvement in…