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Capital A Bhd.

Company Background

From its beginnings with just two jets and debt of $11 million in 2001, AirAsia has grown to become a profitable short-haul budget carrier in Asia with a fleet of close to 200 aircraft. The group operates mainly in Asia-Pacific region, including operations in Indonesia, the Philippines and Thailand. AirAsia recently launched AirAsia India in an alliance with Tata Group, plying India's domestic market. It is also seeking a re-entry into Japan in a tie-up with Rakuten Japan, after its first joint venture with All Nippon Airways broke up in 2013.

 

AirAsia is 23% owned by Tune Air, a private company controlled by Group CEO Tony Fernandes, a former executive of music producer Time Warner. Inspired by the success of its peer Ryanair in Europe, he runs the airline strictly adhering to the low-cost and no-frills business model, and made flying affordable to many in Asia. AirAsia's success has led to the burgeoning of budget carriers in the region, many of which are owned by full-service airline companies. The group recently introduced premium services targeting business travelers and parcel delivery services to boost its ancillary income. Its listed associate, AirAsia X, is a long-haul budget carrier, flying all over Asia.

Business Summary

Capital A Bhd. engages in the provision of air transportation services. It operates through the following geographical segments: Airline: Malaysia, Philippines, Thailand, Indonesia, India, and Japan; and Non-Airline. The company was founded by Abdel Aziz bin Abu Bakar, Anthony Francis Fernandes, Conor John McCarthy, and Kamarudin bin Meranum in 1993 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2021 MYRUSD
Revenue1,836.18M442.96M
Gross Profit-2,352.50M-567.51M
Operating income-2,922.21M-704.95M
Income before tax-3,529.80M-851.53M
Net income-2,991.07M-721.56M
EBITDA-1,100.67M-265.52M
Diluted EPS-0.79-0.19
Dividends Per Share00
Total Assets20,029.88M4,807.94M
Total liabilities26,452.78M6,349.68M
Total equity-3,382.30M-811.88M
Operating cash flow-677.69M-163.48M
Currency in MYRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 9,709.72M 10,638.29M 11,860.40M 3,274.39M 1,836.18M
Gross Profit 1,853.18M 805.14M 1,226.23M -2,181.81M -2,352.50M
Operating income 1,629.40M 25.66M 75.75M -4,137.74M -2,922.21M
Income before tax 2,087.78M 1,335.23M -72.78M -5,487.78M -3,529.80M
Net income 1,628.77M 1,967.00M -315.80M -5,111.66M -2,991.07M
EBITDA 2,493.67M 611.01M 1,539.47M -2,064.46M -1,100.67M
Diluted EPS 0.49 0.58 -0.09 -1.52 -0.79
Dividends Per Share 0.12 0.24 0 0 0
Total Assets 23,528.26M 19,446.59M 25,594.71M 19,865.83M 20,029.88M
Total liabilities 16,818.18M 13,261.32M 22,683.97M 23,435.62M 26,452.78M
Total equity 8,048.11M 7,784.45M 4,498.33M -1,214.28M -3,382.30M
Operating cash flow 2,052.46M 524.07M 2,087.45M -2,164.61M -677.69M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 2,258.32M 2,636.25M 2,862.77M 779.20M 442.96M
Gross Profit 431.02M 199.52M 295.97M -519.20M -567.51M
Operating income 378.97M 6.35M 18.28M -984.65M -704.95M
Income before tax 485.58M 330.88M -17.56M -1,305.92M -851.53M
Net income 378.82M 487.44M -76.22M -1,216.42M -721.56M
EBITDA 579.99M 151.41M 371.58M -491.27M -265.52M
Diluted EPS 0.11 0.14 -0.02 -0.36 -0.19
Dividends Per Share 0.02 0.05 0 0 0
Total Assets 5,813.75M 4,705.76M 6,257.11M 4,938.67M 4,807.94M
Total liabilities 4,155.71M 3,209.03M 5,545.52M 5,826.13M 6,349.68M
Total equity 1,988.66M 1,883.71M 1,099.70M -301.87M -811.88M
Operating cash flow 477.37M 129.87M 503.85M -515.11M -163.48M

Valuation Measures

Dec 2021
PER--
ROA-14.99%
ROE--
Operating margin-159.14%
Profit margin-162.89%

Key executives

  • Group CEO & Non-Independent Executive Director: Tony Fernandes
  • Chief Operations Officer: Javed Malik
  • Group Chief Financial Officer: Pattra Boosarawongse
  • Group Head-Information & Communication Technology: Kin Choy Lau
  • Head-Engineering: Nadzri Hashim

Shareholders

  • Tune Air Sdn Bhd (12.4%)
  • Tune Live Sdn. Bhd. (12.2%)
  • Positive Boom Ltd. (7.9%)
  • Permodalan Nasional Bhd. (5.9%)
  • Urusharta Jamaah Sdn. Bhd. (3.2%)
  • FERNANDES SHIVA (1.1%)
  • Aimia, Inc. (0.8%)
  • icapital.biz Bhd. (0.6%)
  • Research Affiliates LLC (0.6%)
  • LIM CHEE HWA (0.2%)

Contact Details

  • Website:http://www.airasia.com
  • Address: RedQ, Jalan Pekeliling 5, Kuala Lumpur, 64000, Malaysia
  • Phone: +60.3.8660.4333

Related Companies

  • Asia Digital Engineering Sdn. Bhd.
  • AirAsia (Guangzhou) Aviation Service Ltd.
  • AirAsia SEA Ltd.
  • Merah Aviation Asset Holding Ltd.
  • AirAsia Digital
  • AirAsia Bhd.
  • AirAsia Megastore Sdn. Bhd.
  • AirAsia Asean, Inc.
  • AirAsia Go Holiday Co. Ltd.
  • AirAsia Aviation Group Ltd.
  • Tune Hotels Sdn. Bhd.
  • AA International Ltd.
  • Aras Sejagat Sdn. Bhd.
  • Crunchtime Culinary Services Sdn. Bhd.

Competitors

  • PT Garuda Indonesia (Persero) Tbk Class B
  • Vietjet Aviation JSC
  • Qantas Airways Limited
  • Bangkok Airways Public Co., Ltd.
  • JG Summit Holdings Inc.
  • Cebu Air Inc.
  • SpiceJet Limited
  • Controladora Vuela Compania de Aviacion SAB de CV Class A
Last Updated on 19 Aug, 2022

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