Dear stakeholders,

Two words characterise our sentiments during the year 2022: relief and gratification. As we celebrated Capital A’s 21st anniversary, we were immensely relieved to see light at the end of the tunnel for our airline business – the reopening of international borders and rapid travel recovery bringing fresh hope that we can put the pandemic behind us once and for all.

Simultaneously, we were gratified by the fact that Capital A has maintained the entrepreneurial spirit that got AirAsia off the ground from the very start. We returned to the skies stronger than ever as more than just an airline; we are now also an aviation services and travel lifestyle group with diversified businesses that leverage off each other and are growing fast in line with the resurgence in air travel.

We have reviewed every aspect of our airline operations to rebuild and recover faster and stronger than others in our category, creating a robust platform for future success. We are once again focused on Asean, our home ground where we have the strongest network, presence and brand. At the same time, embracing the new technology age with greater clarity and vision, we are emerging not only as the World's Best Low Cost Airline 13 years in a row, but also a one-stop super app focusing on travel, industry disrupting fintech, best-value logistics provider, fast-growing aircraft maintenance provider, online edutech service provider, and more.

With our non-airline segments, we have fine tuned our business propositions to ensure the creation of optimum value for customers at the lowest possible cost while delivering new revenue streams for the Group. Reflecting the maturity of our operations as well as our commitment to integrity and transparency, we have also appointed independent directors to the boards of each major company in our portfolio, ensuring they create as much value for our stakeholders as they do for Capital A.

Datuk Kamarudin Bin Meranun
Tan Sri Tony Fernandes