Fernandes says Capital A to be profitable next year

[superadmin]

KUALA LUMPUR: Capital A, formerly AirAsia Group, will return to profitability in 2023, Group CEO Tony Fernandes said today, as demand for air travel is expected to recover in the fourth quarter of this year.

In a virtual interview with Nikkei Asia, Fernandes said most of the company’s digital businesses will be in the black next year, while the recovery in international travel will boost earnings of its core airline operations.

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