Capital A aviation business annual revenue up 143% from previous year

Capital A Berhad has published its full year 2023 financial results, with its aviation business recording RM13.5 bn ($2.84 bn) annual revenue; up 143% from the full year 2022. Despite only operating with 80% of 2019’s aircraft numbers, the group also managed to surpass FY19 revenue by 25%, something its parent company describes as ‘a testament to sustained demand for travel and related services, underscoring the resilience of the ecosystem’. In 2024, the group intends to recover 90% of 2019 capacity. After entering into a non-binding letter of offer with AirAsia X Berhad for the divestment of Capital A’s aviation