Lower air passenger traffic due to higher oil prices

PETALING JAYA: Airport operator Malaysia Airports Holdings Bhd (MAHB) would likely see passenger volume grow at a slower pace between 7% and 8% this year, after posting a 12.7% growth last year driven by growth in international and domestic passengers.

Although MAHB recorded a 12% passenger volumes growth in the first quarter of this year, its passenger movement could soften in the coming quarters as full service carriers feel the effects of higher oil prices, said analysts.