KUALA LUMPUR: Capital A Bhd
reported mixed operating performance across its non-aviation businesses for the second quarter ended June 30, 2026 (2Q2026), with seasonal weakness and geopolitical tensions in the Middle East weighing on some segments, while logistics, digital travel and engineering operations continued to record growth.
In a statement, the group said its diversified portfolio continued to expand its commercial reach and operational capabilities despite airline capacity adjustments affecting parts of its ecosystem.
Its engineering arm, Asia Digital Engineering (ADE), recorded a 23% year-on-year (y-o-y) increase in completed component maintenance workshop orders.
However, base maintenance checks fell 32% y-o-y to 13 due to longer turnaround times for heavy maintenance on ageing aircraft.
“Under line maintenance operations, performance remained stable with 129 AirAsia aircraft managed and 188 third-party flight transits handled during the quarter,” Capital A said.
Logistics unit Teleport posted double-digit growth, transporting 85,877 tonnes of cargo, up 11% y-o-y, while parcel volumes surged 79% y-o-y to 56.5 million.
Belly cargo carried on AirAsia's network rose 5% y-o-y to 64,116 tonnes, while dedicated freighter volumes jumped 89% y-o-y to 9,985 tonnes. Third-party cargo volumes increased 7% y-o-y to 11,776 tonnes.
Capital A said its online travel platform AirAsia MOVE saw monthly active users grow 22% y-o-y to 16.3 million, supported by a 14% increase in app journey searches to 33 million.
Gross booking value rose 8% y-o-y to US$1.3bil, while total platform transactions increased 8% y-o-y to 11.8 million.
The platform also expanded its airline network under its FlyBeyond offering, adding carriers including Air China, Shandong Airlines, Hainan Airlines, Shenzhen Airlines, TransNusa, VietJet and IndiGo during the quarter.
Meanwhile, brand licensing and ecosystem management unit, AirAsia Next signed a master brand licensing agreement to expand the AirAsia brand into the healthcare sector.
“Following the completion of foundational groundwork, the business is also in the final stages of concluding an agreement with a major hotel chain to launch AirAsia Hotels in the regional hospitality space,” it said.
The AirAsia Rewards loyalty platform grew its active membership by 3% y-o-y to more than 37.1 million members, while members active over the past 12 months rose 44% y-o-y to 6.2 million.
Points redemption increased 34% y-o-y to 930.6 million points, although points issuance declined 4% amid flight and capacity constraints linked to geopolitical developments.
Meanwhile, fintech arm BigPay expanded its active user base by 4% y-o-y to 1.7 million, with average transactions per user rising 16% y-o-y to 16.78.
Food and beverage business Santan recorded an 855% y-o-y surge in business-to-consumer e-commerce transactions to 23,409, driven by digital campaigns.
However, inflight transactions declined 17% y-o-y to 1.76 million following airline capacity adjustments and lower passenger volumes, while its business-to-business segment maintained six active corporate clients.
Capital A said its diversified portfolio remained resilient despite the seasonal slowdown and geopolitical headwinds, highlighting strong growth in engineering, logistics and digital platform engagement compared with broader regional travel industry trends.
