Passenger traffic rebound buoys Malaysia Airports’ Q1 performance

MALAYSIA. Malaysia Airports has reported a sharp recovery in traffic and revenues in Q1 2022, with reduced losses in the period. Passenger traffic more than doubled to 14.8 million group-wide and revenues climbed by +69.4% to RM570.8 million (US$130.4 million).

EBITDA leapt to RM186.9 million (US$42.7 million) compared to a modest RM16.2 million a year earlier, with losses narrowing by -52.7% to RM104.8 million (US$23.9 million).

Non-aeronautical income rose by +44.3% to RM215.4 million (US$49.2 million), aided by higher royalties and retail revenue. This in turn was due to an increase in international passenger traffic which led to higher commercial income.

Read the full article at The Moodie Davitt Report

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