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AirAsia operator makes first annual profit since COVID pandemic

Management paints rosy outlook after Capital A earns $107m in 2023

AirAsia Aviation Group airlines have a positive outlook for 2024 as travel demand remains high.   © Reuters

KUALA LUMPUR -- Capital A, the parent of budget airline AirAsia, reported on Thursday its first full-year profit since the COVID-19 pandemic struck four years ago thanks to strong travel and freight demand.

Capital A recorded a net profit of 507.6 million ringgit ($107 million) for the year ended in December, swinging from a loss of 3.3 billion ringgit in the previous year, it said in a statement.

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