Revenue climbed by 17% to RM4.93 billion, compared to RM4.23 billion previously, driven by a recovery in demand from domestic and international travel, the aviation company said in a filing with Bursa Malaysia.

“In Q3 2024, 85% of the group’s revenue was attributed to the aviation segment while logistics, digital and other businesses contributed the remaining 15% to the group.

“The group reported positive earnings before interest, taxes, depreciation, and amortisation (Ebitda) of RM639.8 million in Q3 2024 against RM448.0 million in Q3 2023,” it said.

For the cumulative nine months ended Sept 30, 2024, the company’s net profit rose to RM1.09 billion from RM600 million while revenue rose to RM15.04 billion from RM9.91 billion previously.

On prospects, the group expects high fares and load factors exceeding 85%, driven by festive seasonal demand, as well as an 84% recovery of its pre-Covid-19 capacity.

“This fourth quarter, the aviation group will further expand its fleet with the introduction of four new A321neo aircraft in Malaysia and one in Thailand, increasing our total active aircraft to 205 out of 224. This expansion will substantially boost our operational capacity.

“Additionally, we are excited to launch 18 new routes, driving double-digit increases in capacity both domestically in Malaysia and Thailand, and on international sectors in Indonesia,” Capital A noted.

It said the expansion is well-timed to capture the strong, sustained travel demand during peak periods in China and India, as well as the global year-end festivities, positioning the group to capitalise on these market opportunities and fuel its growth trajectory.

At the close of trading, Capital A’s share price was up by 2 sen or 1.87% at RM1.09, giving the group a market capitalisation of RM4.67 billion.