Capital A delivers net profit of RM2.01bil in 3Q on forex gains, demand recovery

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The Star 2h ago

Capital A delivers net profit of RM2.01bil in 3Q on forex gains, demand recovery - The Star

Quick Summary:

PETALING JAYA: Capital A Bhd posted a net profit of RM2.01bil for the third quarter ended Sept 30, 2024 (3Q24), swinging into the black from a net loss of RM392.7mil in 3Q23.

On the other hand, Capital A’s non-aviation companies generated over RM771mil in pre-elimination revenue for the quarter, up 19% y-o-y.

Meanwhile, the group noted that cost per available seat kilometre excluding fuel (CASK ex-fuel) rose slightly by 3%, primarily driven by user charges and other operating expenses associated with increased flight activities.