MAHB's net loss decreased to RM182.31 million
KUALA LUMPUR - The net loss of Malaysia Airports Holdings Bhd (MAHB) decreased to RM182.31 million in the third quarter ended September 30, 2021 from a net loss of RM319.71 million in the same period in 2020.
Amalina Mohamed30 Nov 2021 11:01am
Malaysia Airports Holdings Bhd's (MAHB) net loss decreased to RM182.31 million - Bernama Photo
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Revenue rose to RM461.33 million from RM396.69 million previously, driven by higher passenger numbers for its Turkish operations following the opening of border gates and cross -state travel.
“Operations in Turkey show it will return to normal as passenger traffic increases from 4.9 million to 8.9 million passengers.
“Passenger traffic for operations in Malaysia contracted by 77.8 per cent to 1.0 million passengers compared to 4.5 million passengers in the same quarter last year, the effect of the Movement Control Order (PKP) and full movement restrictions were re -implemented from June 1, 2021.
"Overall, it recorded a 40.3 per cent drop in revenue to RM151.3 million," the airport operator said in a filing to Bursa Malaysia on Monday.
It also said MAHB's airport network recorded 21.9 million passengers from January 1, 2021 to September 30, 2021, a decrease of 39.7 per cent over the same period a year earlier.
During the same period, group traffic for international and domestic passengers declined by 51.1 per cent and 33.0 per cent, respectively.
At the same time, the group's aircraft movements declined by 32.2 per cent with international and domestic aircraft movements down by 28.6 per cent and 33.8 per cent respectively.
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“The National Covid-19 Immunization Program (PICK) has reached 90 per cent of the adult population fully vaccinated, a target that led to the much-awaited announcement from the government that allows fully vaccinated Malaysians to travel across the state and travel abroad.
"The announcement together with MAHB's initiative to ensure the health, safety and experience of world -class passengers will help improve the prospects of Malaysian traffic to recover in the near future when the aviation sector is restarted and finally returns to normal," he said. - Named
