AirAsia owner Capital A to publish internal targets to improve transparency

Malaysia's Capital A Berhad, owner of budget airline AirAsia, said on Monday it will start to publish internal business targets alongside quarterly results to give investors a better picture of the company's financial outlook. Capital A was hard hit by pandemic travel restrictions and classified by Malaysia's stock exchange as 'PN17', or financially distressed. It is seeking to exit PN17 status. It is also in the process of selling its AirAsia aviation business to long-haul unit AirAsia X Bhd, which it announced a year ago in a move to consolidate long and short-haul operations under a single AirAsia brand. Capital A companies want "to build investor confidence through consistent and reliable financial disclosures while ensuring that all stakeholders have the necessary information for a fair and reasonable valuation of the company", it said.<br/>Publication will begin from Wednesday, the investment holding company said.<br/>