Capital A shares up on airline ops merger plan

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(Reuters) - Boxing great Mike Tyson and YouTuber-turned-prizefighter Jake Paul's July 20 bout in Arlington will be a sanctioned, professional fight that will count on both men's records, the fight promoter said on Monday.

shares rose to its highest in over three months yesterday, following the company’s proposal to merge its short and long-haul airline operations last Thursday.On April 25, Capital A announced its restructuring plan in its efforts to address its Practice Note 17 status.

Separately, Capital A announced that AAX posted a solid passenger load factor of 83%, an increase of three percentage points year-on-year in the first quarter of 2024 . In terms of network, AirAsia X Malaysia launched its maiden flight to Almaty, Kazakhstan, in March 2024 in its quest to enter Central Asia, starting with four times weekly flights.

This effectively contributed to the 85% y-o-y increase in the company’s number of stages to 3,184 in 1Q24.

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