Malaysia Airports Holdings Berhad says travel restrictions following the Covid-19 pandemic have severely affected the global aviation industry.
It said the Covid-19 outbreak led to large capacity cuts, travelling bans and closed borders around the world, severely affecting the global aviation industry and traffic in most airports. “Moving forward, Malaysia Airports is confident of its capabilities to fund operations and address any potential liquidity risks over the coming year,” it said.
“The management has also identified key areas of optimisation including reorganisation of the workforce, zerorising overtime requirements and implementing effective work schedule to contain staff costs without furloughing its employees, to ensure the continuous operations of all airports without any disruptions.
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