MAHB cash pile sufficient for a year

TA Research believes its 2021 traffic projections are achievable, as Malaysia is set to open more domestic travel bubbles if the Langkawi travel bubble is declared a success in September.

PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB) has enough cash to take it through for more than a year if its recovery gets derailed by the possibility of a resurgence in Covid-19 cases in Sabah and Sarawak.

In a report yesterday, TA Research noted that Sabah and Sarawak contributed about 13.1% and 11.5% of passenger movements, respectively, in 2019.