Capital A Second Quarter 2026 Operating Results
Capital A defies seasonal lull and headwinds with 2Q2026 growth surge; Third-party drives multi-segment scale
ADE: Workshop orders completed surge 23% YoY; strong third-party momentum balances extended heavy maintenance cycles.
Teleport: Cross-border eCommerce parcels skyrocket 79% YoY as total cargo tonnage hits double-digit growth.
MOVE Travel: Record engagement drives 22% surge in MAUs; Gross Booking Value hits USD1.3 billion.
KUALA LUMPUR, 4 Aug 2026 - Capital A Berhad (“Capital A”) has released the operating statistics for the Second Quarter of the Financial Year 2026 (“2Q2026”). These figures cover the Group’s engineering, logistics, online travel agency (“OTA”), brand and IP, as well as food and beverage segments.
The second quarter reflected the typical seasonal slowdown, with geopolitical tensions in the Middle East further weighing down on the Group as airline capacity adjustment affects some of the business segments. Despite these headwinds, the Group continued to make progress across its portfolio by expanding the capabilities and commercial reach of its businesses, supporting diversified sources of growth across the ecosystem.
Asia Digital Engineering (“ADE”)
ADE demonstrated strong operational growth in component maintenance, with completed workshop orders surging 23% YoY. During the quarter, ADE completed 13 base maintenance checks, a 32% YoY decline, this was primarily driven by extensive heavy checks required for aging aircraft which increased time in the hangar. Under line maintenance operations, performance remained stable with 129 AirAsia aircraft managed (up 1% YoY from 128) and 188 3rd-party flight transits handled during the quarter.
Teleport
Teleport volumes grew double digits in 2Q2026, moving 85,877 tonnes of cargo (+11% YoY) and 56.5 million parcels (+79% YoY). The sustained growth is driven by Teleport’s continued capture of eCommerce demand across the Asia-Pacific region, supported by Teleport’s ability to scale its hybrid logistics network even in times of crisis to meet growing capacity demands.
Cargo volumes carried through AirAsia’s belly network increased to 64,116 tonnes (+5% YoY), remaining the largest contributor to overall tonnage. Dedicated freighter operations delivered the strongest growth, with volumes rising to 9,985 tonnes (+89% YoY), reflecting stronger utilisation and growing demand for freighter charter capacity. Third-party cargo volumes grew to 11,776 tonnes (+7% YoY), supported by deeper network integration with Teleport’s partner airlines. Together, this is the Teleport Network in action, navigating supply constraints and delivering strong overall operational performance in a challenging market.
AirAsia MOVE
AirAsia MOVE demonstrated robust operational resilience and platform engagement in 2Q2026, driven by a strong demand engine and top-of-funnel capability user activity as the company prudently navigated broader regional capacity constraints, elevated fuel costs, and Middle East geopolitical headwinds.
Monthly Active Users (MAUs) surged 22% YoY to 16.3 million (16,329,655), supported by a 14% increase in app journey searches to 33 million and growing customer satisfaction, which increased the NPS score to a record high 58 in Jun ’26.
Gross Booking Value (GBV) expanded 8% YoY to USD 1.3 billion, while total platform transactions grew 8% YoY to 11.8 million (11,813,543), driven by strong volume from WANO. Commercial optimisation and cross-selling initiatives further boosted the ancillary-to-seats-sold ratio from 1.09 to 1.23 units per seat.
FlyBeyond transactions grew 14% QoQ, accelerated by the addition of key partner airlines such as Air China, Shandong Airlines, Hainan Airlines, Shenzhen Airlines, TransNusa, VietJet and IndiGo. Concurrently, Stays expanded its high-margin bundling strategy by raising attach rates to 1.21%, boosting SNAP average transaction values by 5% YoY, and growing high-value bundles to 74.4% of total Stays GBV.
Anchoring flight volumes across the platform, WANO seats remained steady at 6.23 million (6,234,448), holding solid through the quarter to provide a reliable operational baseline.
AirAsia Next
AirAsia Next continues to build momentum as a strategic cornerstone for brand licensing, technology, and ecosystem management. Expanding the master brand footprint into new growth vectors, AirAsia signed a landmark Master Brand Licensing Agreement (MBLA) during the quarter to extend the AirAsia brand into the healthcare sector. Following the completion of foundational groundwork, the business is also in the final stages of concluding an agreement with a major hotel chain to launch AirAsia Hotels in the regional hospitality space.
The AirAsia Rewards loyalty platform expanded its reach to over 37.1 million active members (up 3% YoY), with active members over the past 12 months surging 44% YoY to 6.2 million, highlighting accelerating user engagement. Demonstrating strong platform utilisation via the “Pay with Points” redemption, points redemption surged 34% YoY to 930.6 million points. Meanwhile, points issuance registered a slight 4% YoY decline to 1.38 billion points during the period. The minor variance reflects the broader impact of the external geopolitical environment; specifically, the ongoing war led to unavoidable flight and capacity constraints, which naturally impacted points conversion and sales during this period. BigPay continued to strengthen user engagement and unit economics in 2Q2026, expanding its active user base by 4% YoY to 1.70 million (1,702,332 active users). Highlighting deepening wallet share and user stickiness, Average Transactions Per User surged 16% YoY to 16.78 transactions. This acceleration in transaction frequency underscores BigPay’s pivot toward daily financial habituation.
Santan
Santan’s B2C e-commerce division recorded high growth in 2Q2026, with transactions surging 855% YoY to 23,409, propelled by high-converting digital activations including a Shopee livestream campaign featuring its popular Malatang range alongside a Teh Tarik gift with purchase bundle. Meanwhile, inflight transactions dipped 17% YoY to 1.76 million (1,764,863) due to airline capacity adjustments and lower passenger volumes, while B2B enterprise operations held steady with 6 active corporate clients.
Overall, Capital A’s diversified portfolio has demonstrated notable resilience compared to broader Southeast Asian travel industry trends in 2Q2026, where regional aviation capacity often faces sharp seasonal declines. Despite the dual pressures of a seasonal lull and geopolitical headwinds, ADE’s 23% surge in workshop orders and Teleport’s 79% jump in eCommerce parcels highlight growth that significantly outpaces the moderate industry recovery. Similarly, MOVE Travel’s 22% increase in engagement and record-high NPS scores contrast with the broader sector's struggle to maintain volume amidst elevated fuel costs, positioning the Group's core segments as high-performance outliers in a challenging market environment.
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 materialize, 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 destinations for travel, Government regulation changes and approvals, including but not limited to the expected landing rights into new destinations.
