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Tony Fernandes says Capital A to be profitable next year

Chief of former AirAsia Group says travel demand will return by end of 2022

Capital A Group CEO Tony Fernandes says demand for air travel will pick up by the end of the year, although he does not expect China to open up anytime soon. (File photo by Reuters) 

KUALA LUMPUR -- Capital A, formerly AirAsia Group, will return to profitability in 2023, Group CEO Tony Fernandes said Friday, as demand for air travel is expected to recover in the fourth quarter of this year.

In a virtual interview with Nikkei Asia, Fernandes said most of the company's digital businesses will be in the black next year, while the recovery in international travel will boost earnings of its core airline operations.

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