MAHB revenue impacted by Covid-19 travel curbs

The Covid-19 pandemic has really pummeled airport operations around the world. MAHB’s passenger traffic contracted for both its local airports and international operations

PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB) sank into the red in its first quarter ended March 31, as revenue was impacted by the Covid-19 pandemic and travel curbs imposed by Malaysia and other countries.

The airport operator reported a net loss of RM20.39mil, a stark contrast from the net profit of RM149.58mil a year ago. Revenue fell 25.4% to RM933.84mil from RM1.25bil a year ago.