A man wearing a face mask is pictured at the Kuala Lumpur International Airport in Sepang March 18, 2020. — Picture by Shafwan Zaidon
The research firm, in a note, said MAHB would be hit by Covid-19 in terms of passenger traffic growth and potential tariff rebates or discounts on its retail rentals. In another note, the research house said the restrictions and collapse in air travel due to Covid-19 would have an impact on AirAsia and other airline operators.
“With a net cash of RM2.2 billion as at Dec 31, 2019, we expect AirAsia to be able to weather through this Covid-19 crisis and hopefully without deteriorating its balance sheet.
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