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AirAsia eyes 1bn flyers by 2026

AirAsia eyes 1bn flyers by 2026

Group seeks to become digital travel and lifestyle company

Mr Fernandes, second from right, and company executives announce the name change from AirAsia Group to Capital A in Kuala Lumpur yesterday.

AirAsia Group aims to connect more than 1 billion passengers in Southeast Asia by 2026 via its aviation unit, which is expected to include a new joint venture airline after restructuring the firm into an investment holding company called Capital A.

Capital A chief executive Tony Fernandes said because AirAsia’s load factor and flights in the fourth quarter posted record highs, its furlough policy is expected to be terminated by next week.

He said the only challenges are border reopenings and restrictions in other…

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