AirAsia parent Capital A logs first quarterly profit since pandemic

China reopening seen boosting Malaysian airline's recovery

20230228N AirAsia

AirAsia's passenger volume has returned to 75% of pre-pandemic volume on domestic routes and 49% on international flights. © Reuters

TAKASHI NAKANO, Nikkei staff writer

SINGAPORE -- Capital A, the Malaysian holding company of budget carrier AirAsia, on Tuesday reported a net profit of 256 million ringgit ($57.2 million) for the three months through December, its first quarter in the black since 2019.

Revenue swelled 188% to 2.37 billion ringgit. Passenger volume nearly tripled, returning to 75% of pre-coronavirus volume on domestic routes and 49% on international flights.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.