CAPITAL A THIRD QUARTER 2022 OPERATING RESULTS

October 26, 2022 Nur Alya Zulaikha Khairon Anuar -

Airlines closing in on pre-pandemic levels, digital businesses exceeding expectations with record breaking numbers

• Highest quarterly load factor of 86% since pandemic

• Passengers carried by our four airlines rose to 9.9 million, 54% of pre-pandemic levels and 36% QoQ growth

• Our four airlines flew 426 routes and 103 destinations with a balanced mix of domestic and international routes

• airasia Super App and Teleport achieved record-breaking number of transactions and e-commerce delivery orders

KUALA LUMPUR, 26 October 2022 - Capital A Berhad (formerly known as AirAsia Group Berhad) (“Capital A” or the “Group”) has announced the operating statistics for its aviation, digital and logistics businesses for the Third Quarter of the Financial Year 2022 ("3Q2022").

Capital A’s Consolidated Airlines continue to recover strongly with another record quarterly load factor of 86% since the onset of the pandemic. The Consolidated Airlines carried over 7.1 million passengers, a 1925% increase year-on-year ("YoY") and 28% increase quarter-on-quarter ("QoQ"). In this quarter, the Group’s Consolidated Airlines operated a total of 68 aircraft, restoring 48 aircraft to service compared to a year ago.

The Consolidated Airlines flew close to 45,000 flights in the quarter, up 1460% YoY from less than 3,000 flights flown in the same period last year and with more than 9,000 flights compared to the preceding quarter, supported by the upsurge in domestic and international travel demand in our key markets. Seats sold for domestic and international flights increased by 10% and 107% QoQ respectively, signalling a strong rebound for international flight services. Correspondingly, Available Seat Kilometres (“ASK”) rose by 1760% YoY while Revenue Passenger Kilometres (“RPK”) increased by 2408% YoY.

AirAsia Malaysia posted a stronger load factor of 86% in 3Q2022, up by 25 percentage points (“ppts”) YoY and 2 ppts QoQ. Passengers carried and overall capacity increased significantly by 3009% YoY and 2098% YoY to 4.8 million and 5.6 million respectively, with 35 operating aircraft added to support the strong travel rebound for both domestic and international flights. Load factor for international flights achieved 84% while domestic flights were even stronger at 88%. 177 routes were flown during the quarter. We achieved a remarkable load factor of 95% on the once busiest international route in the world, Kuala Lumpur-Singapore route, this quarter. In 3Q2022, AirAsia Malaysia flew to 57 destinations, of which 41 were international destinations.

AirAsia Indonesia recorded a notable load factor of 82% in 3Q2022, an increase of 43 ppts YoY. Domestic flights achieved a healthy load factor at 78% while the load factor for international flights was even stronger at 86%. Passengers carried and capacity improved by 6872% YoY and 3264% YoY respectively, on the back of rising international traffic demand, with 50% of the total number of seats sold from international flights. The number of flight frequencies increased significantly to 7,267 from 216 in the same period last year.

AirAsia Philippines also posted a marked improvement in load factor at 89% in the quarter, which grew by 12 ppts YoY. In 3Q2022, the number of passengers carried increased by 574% YoY and capacity expanded by 486% YoY. International flights delivered a healthy load factor at 76% while domestic flights remained very strong at 90%. Correspondingly, ASKs increased by 455% YoY and the number of flights flown surged by 486% YoY. In 3Q2022, AirAsia Philippines flew to 25 destinations with 40% from international destinations.

On top of the Consolidated Airlines, AirAsia Thailand recorded an improved load factor of 87%, up 27 ppts YoY, driven by the strong rebound of both domestic and international capacity. Passengers carried increased significantly by 3354% to 2.75 million passengers in 3Q2022, largely due to the ongoing travelling momentum. International flights achieved load factor at 82% while domestic flights remained strong at 89%. As a result, ASKs and seating capacity increased significantly by 2792% and 2263% YoY, respectively. The number of operating aircraft in 3Q2022 increased to 35, 60% of the total fleet. AirAsia Thailand flew to 53 destinations in this quarter, with 55% from international destinations.

As a group, our four airlines carried 9.9 million passengers in 3Q2022, 2189% higher YoY, utilising 103 aircraft. This resulted in an ASK of 11,417 million, recovering 44% of pre-pandemic levels.

For Capital A’s digital businesses, airasia Super App achieved 9.5 million average Monthly Active Users (“MAU”) in 3Q2022, up 161% compared to the same period last year. The number of transactions increased substantially by 1953% for YoY comparison and 139% QoQ. The improved performance is mainly attributed to our travel vertical where bookings on our OTA platform (FlyBeyond, offering flights from 700 carriers globally) alongside AirAsia flights, as well as our Hotels booking platform have increased in line with the huge resurgence in travel demand, and the rollout of numerous sales campaigns such as SUPER Travel Fest, SUPER Flash Sale and the first of its kind 5 million FREE SEATs sale during the quarter. As for airasia Ride, the number of completed rides achieved more than 550,000 rides in the quarter.

BigPay’s carded users rose to 1.26 million in 3Q2022, recording a 48% YoY and 4% QoQ increase. User growth kept pace with last quarter with higher travel recovery momentum driving organic growth. The growth was enabled by the launch of more products including Stashes, a budgeting and saving tool to enable users to save and meet their financial goals; 35 new remittance corridors across Europe and the UK; and full availability of BigPay’s personal loans across the user base.

For Capital A's logistics business, Teleport transported 26,667 tonnes in 3Q2022, up 21% QoQ mainly due to an increase in international belly capacity to capture more market share. Delivery orders continued to achieve another record-breaking quarter with 2.7 million delivery orders, up 136% QoQ. The outstanding growth of delivery orders was due to Teleport securing new marketplace partners.

Capital A Berhad Consolidated Airlines - Malaysia, Indonesia & Philippines