Malaysia Airports’ 1Q net loss widens to RM221m

For the first quarter (1Q21), Malaysia’s total passenger movements declined 91% to 1.7 million mainly due to border closures and movement control orders

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) saw its net losses in the first quarter ended March 31,2021 (1QFY21) widen sharply to RM221.29mil as revenue was severely impacted by the prolonged MCO and interstate travel ban.

In its announcement to Bursa Malaysia on Friday, MAHB said the net losses in the previous corresponding quarter was RM20.38mil. The first MCO was imposed in mid-March 2020.