News
Capital A CEO says company is on final stretch of restructuring journey
June 2nd 2025
Capital A, the parent of AirAsia-branded airlines, engineering business ADE, logistics company Teleport and digital unit MOVE, has reported net profit of 689.6 million ringgit (US$162 million) for the three months to March 31 2025, compared with a net loss of 91.6 million ringgit in the same three months in 2024. Read More » Revenue rose 15.2% to 414.5 million ringgit, Capital A said in a regulatory filing. The company’s financial report showed the AirAsia-branded airlines were listed as “discontinuing operations” as they were due to be transferred to AirAsia X later in 2025. With the contribution of those AirAsia-branded airlines excluded, the company posted a net loss of 191.3 million ringgit for the quarter, an improvement from a net loss of 199.3 million ringgit in the prior corresponding period. “We’re at the final stretch of our restructuring journey – and we’re not just surviving, we are charging ahead,” Capital A CEO, Tony Fernandes, said. “We’ve set ambitious but realistic internal targets for 2025, and I’m pleased to say we remain on track. Aviation is gaining momentum, Capital A businesses are outperforming expectations - particularly Teleport and Santan gearing up for a stronger second quarter.”
