KUALA LUMPUR (Dec 12): After being mired in the red for the last few years as demand for air travel was clobbered by Covid-19-related restrictions, Capital A Bhd is positive that the group is poised to see an earnings turnaround in 2023.

It incurred a loss of RM283 million in financial year 2019 (FY2019), which ballooned to RM5.89 billion in FY2020. In FY2021, it made a net loss of RM3.72 billion.