🔴 Capital A is trading 5.88% down today as higher crude prices raise jet-fuel cost concerns

Capital A is trading at MYR 0.32 (-5.88%) as higher crude prices raise concerns about jet-fuel costs and profitability.

• Capital A’s latest reported quarter showed an RM830.5 million net loss, including RM331 million in foreign-exchange losses.
• AirAsia plans to reduce third-quarter capacity by 20%-25% to safeguard profitability.
• No fresh company-specific announcement dated August 21 was identified; trading activity and volume data were unavailable.