Capital A Berhad, parent of Malaysian budget airline AirAsia, swung to a profit for the fourth quarter, benefiting from a revival in air travel.

The company posted profit attributable of 256.2 million ringgit ($57.12 million) for the quarter ended Dec. 31, 2022, compared to a loss of 756.6 million ringgit posted a year ago. ($1 = 4.4850 ringgit) (Reporting by Rishav Chatterjee in Bengaluru)