KUALA LUMPUR, May 30 — Malaysia Airports Holdings Bhd’s net loss for the first quarter ended March 31, 2022 narrowed to RM104.76 million compared to RM221.3 million loss recorded in the same period last year.
“Earnings before interest, taxes, depreciation and amortisation for the Turkey operations reported an increase of 104.1 per cent to RM208.3 million, while the Malaysia and Qatar operations recorded an EBITDA of negative RM24.7 million and positive RM3.3 million, respectively. Net loss for the group in Q1 2022 narrowed by 52.7 per cent to RM104.8 million from RM221.3 million in the corresponding period,” it said.
Istanbul SGIA passenger movements for Q1 2022 registered 6.4 million passengers and is the highest quarterly volume registered since April 2020. Istanbul SGIA’s traffic performance in Q1 2021 was already at 79 per cent of its pre-Covid-19 level for the same period in 2019. The airport was also ranked as the eighth busiest in Europe for passenger movements by Airports Council International Europe.
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