MAHB up on resumption of domestic flights

Analysts believed domestic travel would gradually recover under the Recovery MCO but they couldn’t say the same for international traffic as borders remained closed. Any rise in passenger traffic will benefit MAHB as it manages almost all airports in the country.

PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB) rose about 11% or 60 sen but close off its high at RM6.10 a share yesterday as the government allows domestic flights to resume.

The stock began moving last Friday as the Short-Term Economic Recovery Plan (STERP) was announced. It has gained RM2.03 since plunging to RM4.07 a day after the movement control order (MCO) came into force on May 18.