Nov 30 (Reuters) – Capital A Berhad (CAPI.KL), the parent of Malaysian budget airline AirAsia, reported a narrower third-quarter operating loss on Wednesday, buoyed by a strong rebound in travel demand and the easing of pandemic-related restrictions in Southeast Asia.
It also forecast a positive outlook for the upcoming years on strong sales momentum and reopening of travel restrictions, projecting stronger air passenger traffic in the next quarter.
Capital A posted an operating loss of 563.9 million ringgit ($127.00 million) for the three months ended Sept. 30, compared to a loss of 893 million ringgit in the year-ago period.
It reported a sharp 563% increase in revenue to 1.96 billion ringgit from last year’s 295.9 million ringgit.
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Read the full article at: https://www.reuters.com/business/aerospace-defense/airasia-parent-narrows-q3-loss-strong-demand-recovery-2022-11-30/