Feb 28 (Reuters) - Capital A Bhd CAPI.KL :
* QTRLY REVENUE 717.1 MLN RGT VS 328.4 MLN RGT
* QTRLY LOSS ATTRIBUTABLE 884.1 MLN RGT VS LOSS OF 2.46 BLN RGT
* EXPECTS FURTHER EASING OF TRAVEL RESTRICTIONS WILL SUPPORT STRONG AIR TRAVEL REVIVAL IN THE COMING QUARTERS
* WE EXPECT THE CURRENT SALES MOMENTUM AND REDUCED CASHBURN TREND TO CONTINUE THROUGH 2022
* WELL POSITIONED TO RECOVER FAST AND TO SERVE SIGNIFICANT PENT-UP DEMAND FOR LEISURE TRAVEL THROUGHOUT YEAR AHEAD AND BEYOND
* WILL HAVE SUFFICIENT LIQUIDITY TO SUSTAIN BUSINESS OPERATIONS THROUGHOUT 2022
* AS AT 31 DEC 2021, DOCUMENTATION FOR RESTRUCTURING HAD BEEN COMPLETED FOR A TOTAL OF 81 AIRCRAFT
* WILL RECOVER FAST IN 2022 AS WORLD CONTINUES TO GRADUALLY OPEN UP.
* RESTRUCTURING OF LEASES RESULTED IN LEASE LIABILITIES BEING RECOMPUTED USING NEW LEASE TERMS AND REDUCED LEASE RATES
* AMOUNTS WAIVED WAS APPROXIMATELY 1,011.0 MLN RGT FOR FINANCIAL YEAR ENDED 31 DEC 2021
Source text for Eikon:
(Reuters.briefs@thomsonreuters.com)