WCT rises on news of RM1.1bil TRX project

MAHB: Air pas­sen­ger traf­fic to grow faster this year

The Star Malaysia - StarBiz - - News -

KUALA LUMPUR: Malaysia’s air pas­sen­ger traf­fic is set to grow at faster rate of 4.9% this year, up from 2.5% last year.

Malaysia Air­ports Hold­ings Bhd (MAHB) fore­cast do­mes­tic pas­sen­ger traf­fic would grow by 7.6% and in­ter­na­tional traf­fic by 2.4%.

“The higher do­mes­tic growth is a cor­rec­tion from the lower ca­pac­ity reg­is­tered in 2018. The re­cent an­nounce­ment made to ex­tend the 15-day visa ex­emp­tions for China and In­dia tourists to De­cem­ber 2019 would help spur traf­fic,” the com­pany said in a fil­ing with Bursa Malaysia yes­ter­day.

It said tourism sup­port ac­tiv­i­ties were nec­es­sary to boost the num­bers in a ma­tur­ing traf­fic.

MAHB said the con­tin­u­ous rel­a­tively low Brent crude prices ex­pected in 2019 was also a pos­i­tive fac­tor for air travel in­dus­try.

“How­ever, traf­fic growth is ex­pected to re­main vul­ner­a­ble with sig­nif­i­cant changes in the macro eco­nomic en­vi­ron­ment de­spite the lower fuel price ex­pected,” it said, adding that the US-China trade ten­sion re­mained a con­cern to the in­dus­try.

Last year was a chal­leng­ing pe­riod for the avi­a­tion in­dus­try against the back­drop of un­cer­tain­ties. Malaysia pas­sen­ger move­ments grew 2.5% to 99 mil­lion pas­sen­gers (2017: 8.5%), with do­mes­tic and in­ter­na­tional move­ments in­creas­ing by 0.4% and 4.5%, re­spec­tively.

Malaysia pas­sen­ger traf­fic per­for­mance was mainly driven by the in­ter­na­tional sec­tor. Sixty in­ter­na­tional city pairs reg­is­tered dou­ble-digit growth over last year, in­clud­ing Tian­jin, Bris­bane, Jeju, Cam Ranh, Ningbo, Guiyang, Si­hanouk, Nan­jing, Hon­olulu, Jin­jiang, Bhubaneswar, Zhengzhou and Am­rit­sar.

MAHB said AirAsia Group Bhd, Malaysia Air­lines Bhd and Malindo Air were the main con­trib­u­tors to in­ter­na­tional traf­fic in 2018.

The year also saw three new air­lines – Ci­tilink Garuda In­done­sia, Con­dor Flug­di­enst and Indigo Air­lines – com­menc­ing their op­er­a­tions at the Kuala Lumpur In­ter­na­tional Air­port (KLIA) main ter­mi­nal and klia2. — Ber­nama

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