Capital A First Quarter 2026 Operating Results
Capital A sees steady 1Q2026 performance as core businesses drive growth post-PN17 regularisation plan completion
ADE: Workshop orders up 12% YoY, supported by third-party demand
Teleport: 25% increase in tonnage moved; 122% surge in eCommerce parcels
MOVE Travel: MAU surges 23% YoY to 17.7 million, driving a 4% increase in AirAsia seat sold and 15% increase in ancillary units sold
KUALA LUMPUR, 5 May 2026 - Capital A Berhad (“Capital A”) has released the operating statistics for the First Quarter of the Financial Year 2026 (“1Q2026”). These figures cover the Group’s engineering, logistics, online travel agency (“OTA”), brand and IP, as well as food and beverage segments.
Following the completion of the PN17 regularisation plan, Capital A is fully focused on executing its strategic growth agenda. While 1Q2026 saw positive demand from the Chinese New Year and Hari Raya festive seasons, performance was balanced by conflict in the Middle East and the traditionally quiet Ramadan period. Nonetheless, the Group achieved solid Year-on-Year (“YoY”) growth across key operating metrics, underscoring the resilience and scalability of its diversified operations.
Asia Digital Engineering (“ADE”)
ADE maintained a stable base maintenance service in 1Q2026, averaging eight aircraft monthly. The team completed 25 checks, representing a 13% increase from the previous quarter. Total checks declined 4% YoY, primarily due to heavier C-checks that required longer turnaround times and slightly impacted throughput.
Beyond base maintenance, ADE continued to strengthen its line maintenance footprint, supporting all AirAsia aircraft across more than 20 airports. It also expanded its third-party portfolio to six airlines, up from four a year ago. ADE completed 230 flight transits during the quarter. While this represented a 4% YoY decrease due to routine schedule adjustments, the growing client base reflects growing market confidence in ADE’s capabilities.
ADE’s workshop segment remained a key growth driver, completing 7,331 orders, up 12% YoY. Growth was driven by increased fleet utilisation and operational recovery. Notably, third-party demand for A320 wheel repair and overhaul rose significantly, further expanding the segment.
Teleport
Teleport recorded a significant increase in operations for the quarter, moving 96,783 tonnes of cargo (+25% YoY) and 61.7 million parcels (+122% YoY). This growth was achieved on the back of growing eCommerce demand across the Asia-Pacific region, allowing Teleport to capture increased volumes especially across the Malaysia and China corridors. Central to this performance is the Teleport Network, which mobilises a hybrid fleet model comprising AirAsia’s belly capacity, over 55 partner airlines and dedicated freighters. Teleport effectively scaled its hybrid network as volume moved via partner airlines and AirAsia capacity both surged 110% YoY (to 13,552 tonnes) and 21% YoY (to 72,547 tonnes) respectively.
MOVE Travel Group
AirAsia MOVE platform had a strong start. Monthly Active Users (“MAU”s) grew 20% Quarter-on-Quarter (“QoQ”) and 23% YoY to 17.1 million. Total app installs and engagement rates across chats and community platforms both rose 14%. These results helped drive customer retention.
AirAsia flight seats sold grew 4% YoY despite macro headwinds. While FlyBeyond seats sold fell 18% YoY following the strategic suspension of specific airline sales, quarterly traction rose 11% and its contribution to the flight segment increased 1% QoQ. Ancillary units sold increased 15%, supported by a 33% rise in the EasyCancel attach rate due to demand for “peace of mind” digital products. Furthermore, Stays room nights grew 2% YoY, backed by the SNAP flight-bundle, which secured higher-value stays and offset softer standalone leisure demand.
Wano, the new B2B line of business, gained significant traction with 9 million seats sold in 1Q2026, representing a 16% YoY increase. This growth was driven by accelerated agent onboarding and enhanced API distribution capabilities, alongside a surge in inbound traffic from global and local OTAs across key markets including China, India, Japan and Korea.
Others
AirAsia Next continues to serve as a strategic cornerstone for brand licensing, technology and ecosystem management. It owns the AirAsia, AirAsia MOVE and Santan brands, and is currently finalising agreements to manage two other Capital A entity brands. It is also finalising a licensing agreement with a major hotel chain to extend the AirAsia brand into hospitality
The rewards loyalty platform reach expanded to over 37 million active members. Points issuance surged 30% YoY to 1.6 billion, driven by the addition of six new merchant partners. This growth in issuance significantly outpaced the 2% YoY increase in points burned. Meanwhile, BigPay continued to refine unit economics while pivoting toward high-value B2B opportunities, including international remittance solutions ahead of a mid-2Q launch. The platform also maintained steady user growth of 4%.
Santan recorded 4.5 million inflight transactions in 1Q2026, a 6% YoY increase. The stable 29% take-up rate was bolstered by an 18% surge in pre-booked meals. This occurred despite a 9% shortfall in flight capacity and operational disruptions, which limited onboard sales opportunities. On-ground performance was equally positive. Key B2B strategic partnerships including KTM Berhad, supported this activity. Freeze-dried products sold via Shopee and TikTok also showed promising traction, with aggressive targeted marketing improving conversions on these eCommerce platforms.
For further information, please contact:
Investor Relations:
Joanna Ibrahim
Email: joannaibrahim@airasia.com
Communications:
Maryanna Kim
Email: maryannakim@airasia.com
For further information on Capital A, please visit the Company’s website: capitala.com
Statements included herein that are not historical facts are forward-looking statements. Such forward-looking statements involve a number of risks and uncertainties and are subject to change at any time. In the event such risks or uncertainties materialise, Capital A’s results could be materially affected. The risks and uncertainties include, but are not limited to, risks associated with the inherent uncertainty of airline travel, seasonality issues, volatile jet fuel prices, world terrorism, perceived safe destination for travel, Government regulation changes and approval, including but not limited to the expected landing rights into new destinations.
