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AirAsia owner Capital A dragged into the red in 2024 following forex hit

AirAsia owner Capital A dragged into the red in 2024 following forex hit

FILE PHOTO: A technician works on an aircraft in the maintenance hangar of Asia Digital Engineering, the aircraft services and maintenance unit of AirAsia-operator Capital A at Subang, Malaysia July 15, 2024. REUTERS/Hasnoor Hussain/File Photo

Malaysia’s Capital A Berhad, owner of budget airline AirAsia, swung to an annual loss in 2024 due mainly to foreign exchange fluctuations, it reported on Friday, but said it expects to return to profit this year.

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