AirAsia parent posts Q4 profit; expects China reopening boost

AirAsia parent posts Q4 profit; expects China reopening boost

FILE PHOTO: The logo of AirAsia under Capital A is seen displayed in this illustration picture taken March 7, 2022. REUTERS/Florence Lo

Capital A Berhad, parent of Malaysian budget airline AirAsia, returned to profitability in the fourth quarter, benefiting from strong pent-up demand for air travel and said China’s reopening would further improve its business.