31 May 2022
As international travel continues to pick up, Malaysia’s airport operator group is seeing light at the end of the tunnel with several analysts positive on the company’s future growth prospects.
Malaysia Airport Holdings Berhad (MAHB) narrowed its losses in the first 3 months of 2022 to RM104.76 million (S$32.8 million), compared to a RM221.3 million loss in the same quarter a year ago.
On revenue, the company saw turnover of RM570.85 million, an increase of 69.4 per cent compared to the same period last year, MAHB said in a filing to Bursa Malaysia on Monday evening (May 30).
Malaysia’s passenger traffic movements rose to 8.3 million for the first quarter of 2022, a nearly 5-fold increase from the 1.7 million travellers in the same quarter last year.
“Malaysia operations passenger traffic improved significantly to 8.3 million as compared to 1.7 million passengers in the corresponding quarter in the prior year.
With the country’s full relaxation of travel and border restrictions for vaccinated travellers from April 1, the daily average of international passengers in May this year reached 33,407 – or about 20 per cent of the numbers in May 2019.
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