Capital A Announces Plans for Internal Targets to Boost Transparency

Capital A Berhad, the parent company of AirAsia, announced it will start publishing internal business targets alongside its quarterly results to enhance transparency and build investor confidence as it seeks to exit its 'PN17' financial distress status. This initiative reflects a strategic effort to provide stakeholders with clearer insights into the company's financial health and future projections, particularly as it progresses with the sale of its aviation business to AirAsia X Bhd. CEO Tony Fernandes emphasized that this move comes at a time when pandemic-related uncertainties have subsided, allowing for a more stable financial outlook. The publication of internal targets is expected to commence with the release of the company's 4Q24 financial disclosures on February 26, 2025. Additionally, these targets will help set realistic expectations for performance and accountability across the organization. Analysts and investors are likely to view this effort as a positive step towards greater transparency in the aviation sector.