AirAsia MOVE, the digital arm of Malaysia-based Capital A Berhad, announced last Friday that its earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 10 percent year on year.
Capital A said in a statement that AirAsia MOVE EBITDA growth was due to continued operational cost optimization projects in terms of right-sizing the organization and artificial intelligence (AI)-led marketing personalization efforts leading to a better return on sales.
AirAsia MOVE, however, saw a decrease of 9 percent year on year in gross booking value due to continued pricing variances on AirAsia flights, resulting in a 6 percent year on year revenue decline.
“Quarter one was about doing more with less,
“Despite a lower contribution from AirAsia flights in the firs quarter, we grew ancillary revenue per passenger by 8.4 percent, other flight bookings by 16 percent and hotels by 54 percent year on year, all testament to travelers choosing MOVE as a strong budget online travel agency (OTA) proposition,” said Nadia Zahir Omer, Chief Executive Officer of AirAsia MOVE.
According to her, non-AirAsia revenue for MOVE hit a record high at 28 percent, with FlyBeyond emerging as the largest contributor — clear proof that our diversification strategy is paying off.
“I’m very proud of the team’s effort to remove waste from our system and grow profitability, sustainably. In the second half, we target to regain AirAsia share to 60 percent,” she added.
Teleport delivered its strongest ever first quarter performance, achieving MYR 258 million ($60.61 million U.S. dollars) in revenue, up 15 percent year on year (23 percent year on year on a constant-currency basis).
Its eCommerce revenue rose 39 percent year on year to MYR 81 million ($19.03 million), driven by a 44 percent year on year increase in parcels moved to 27.8 million.
Teleport’s asset-light network currently has over 50 partners, contributing 40 percent of total revenue, up 11 percentage points year on year.
Its disciplined cost management also led to its highest first quarter EBITDA, a 14 percent year on year improvement despite seasonal softness due to Chinese New Year and Eid holidays.
This also translated into a positive net operating profit (NOP) of MYR 420,000 ($98,673), a marked improvement from the loss reported in the prior year.
Strong service level agreement (SLA) performance raised eCommerce volume share, for a new daily parcel peak of 509,000.
First quarter also saw the completion of three key airport infrastructure investments in Malaysia that improve e-Commerce throughput, including Teleport’s eCommerce Hub.
“Teleport’s first quarter performance demonstrates our operational resilience, despite how uncertain the market is,
“This resilience is anchored by our asset-light model, customer trust, and the right technology to improve reliability even with increased scale,” said Pete Chareonwongsak, Chief Executive Officer of Teleport.
According to him, Teleport’s asset-light network delivers higher growth at lower costs, enabling the firm to consistently meet—and exceed—customer expectations and improve margins.
He noted that in 2025, Teleport is doubling down on technology to enhance speed, efficiency and visibility across its first-to-last mile movements to reinforce trust in its operations.
“We believe our operational resilience is the foundation for our growth and we remain on track to hit 2 million parcels per day by year-end,” he added.
Capital A’s Chief Executive Officer Tony Fernandes said that the firm’s businesses are outperforming expectations —particularly Teleport and Santan gearing up for a stronger second quarter.
He also highlighted that BigPay remains focused toward a path of profitability.
“Breakeven is targeted towards the later part of the year as BigPay leverages on the AirAsia ecosystem as well as key partnerships,” he added.
With Board approval secured, he noted that Capital A will now actively explore a dual listing on the Hong Kong Stock Exchange to supercharge its next growth chapter and broaden access to global capital markets.