KUALA LUMPUR, April 6 — CGS-CIMB has raised its 2022 forecast of domestic traffic at airports managed by Malaysia Airports Holdings Bhd by 21 per cent to 85 per cent from 70 per cent of the pre-pandemic base in 2019, in light of the earlier-than-expected borders reopening.
“Our new forecasts are reasonable because in February 2022, Malaysia’s domestic traffic already reached 69 per cent of the 2019 base, and we expect a new airline, MYAirline, to commence operations from August,” analyst Raymond Yap said in a note today. AirAsia and the Malaysia Aviation Group reportedly said that they aimed to restore 90 per cent and 70 per cent of their pre-Covid passenger capacities by end-2022F, respectively.
Yap said domestic and international traffic recovery might also come from Malindo Air and AirAsia X , both of which sharply curtailed their fleet during the pandemic.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Proton sales grow 41.2pc month-on-month in March 2022 | Malay MailKUALA LUMPUR, April 4 — Proton Holdings Bhd’s (Proton) sales grew 41.2 per cent month-on-month (m-o-m) in March 2022 to 13,028 units, equivalent to a forecast market share of 19 per cent. For the first quarter ended March 2022 (Q1), the national carmaker saw its sales falling by 18.6 per cent...
Source: malaymail - 🏆 1. / 86 Read more »
Stats Dept: Malaysia’s exports, imports value record growth in February 2022 | Malay MailKUALA LUMPUR, April 4 — Malaysia’s export and import unit value indices recorded positive growth in February 2022, at 2.1 per cent and 1.3 per cent, respectively, according to the Department of Statistics Malaysia (DoSM) External Trade Indices report for February 2022. Chief statistician...
Source: malaymail - 🏆 1. / 86 Read more »
BPAM: Malaysian govt remains country’s top bond issuer for Q1 2022 | Malay MailKUALA LUMPUR, April 4 — The Malaysian government has been named the overall top bond issuer in Bond Pricing Agency Malaysia Sdn Bhd’s (BPAM) Bond League Tables reports for the first quarter (Q1) of 2022, with a total issuance of RM50 billion. In a statement today, BPAM said the government also...
Source: malaymail - 🏆 1. / 86 Read more »
Rainbow Ribbon installation brightens Traffic Garden at Kenyalang Park in Sarawak | Malay MailKUCHING, April 4 — An art installation project is lighting up Kenyalang Park’s Traffic Garden as part of strategic efforts to revive and promote the state’s arts and culture sector in the aftermath of the Covid-19 pandemic. The installation, called Rainbow Ribbon, is part of The Light...
Source: malaymail - 🏆 1. / 86 Read more »
ADB trims Asia growth forecast as price pressures rise | Malay MailMANILA, April 6 — The Asian Development Bank trimmed its 2022 growth forecast for developing Asia Wednesday as “increasing” price pressures after Russia’s invasion of Ukraine threaten a recovery from Omicron surges. Inflation across the vast region stretching from the Cook Islands in the...
Source: malaymail - 🏆 1. / 86 Read more »
WHO: Nearly entire global population breathing polluted air | Malay MailGENEVA, April 4 — A full 99 per cent of people on Earth breathe air containing too many pollutants, the World Health Organization said tiday, blaming poor air quality for millions of deaths each year. Fresh data from the UN health agency showed that every corner of the globe is dealing with air...
Source: malaymail - 🏆 1. / 86 Read more »