MAHB poised for further growth this year

TheStar Fri, Feb 16, 2024 12:00am - 2 months View Original

UOBKH Research said passenger traffic should continue the upward trajectory in 2024.

PETALING JAYA: Following an exceptional performance in 2023, Malaysia Airports Holdings Bhd’s (MAHB) earnings are set to grow further in 2024, underpinned by the imminent recovery of passenger throughput in both Malaysia and Turkiye, as well as improvements in its commercial and retail operations.

UOB Kay Hian (UOBKH) Research said the finalisation of the revision in airport charges and the new operating agreement are also expected to be concluded in the coming months.

MAHB ended 2023 with a firm footing with the group-wide passenger throughput growing by 42.5% year-on-year (y-o-y) to 119.5 million passengers.


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