- Revenue surged from a low base of RM1.7 billion in 2021 to RM6.4 billion in 2022.Net loss narrowed from RM3.o billion to RM2.6 billion over the same period despite the absence of government support as all core business segments recovered except Teleport. COVID-19 movement restrictions have gradually eased, and border closures have slowly lifted in the past two years.
In January 2022, AirAsia Group Berhad rebranded itself as Capital A Berhad to better represent its expanding portfolio of businesses, extending beyond its core budget airline. Besides the AirAsia airline, Capital A’s businesses include ventures in digital, logistics, and other aviation services. Its ‘airasia Superapp’ now acts like an online travel agency that allows consumers to book air tickets, accommodation, as well as hail a cab. Its fintech and e-wallet platform, BigPay, and logistics business, Teleport, also look promising.
Here are 10 things I learned from the 2023 Capital A annual general meeting.
