Recovery in business, leisure air travel lifts MAHB

Kenanga Research expects business and leisure air travel to continue to recover throughout the year with activity poised to return to pre-pandemic levels in 2024.

PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB) expects better future quarterly earnings as its partner airlines rebuild their fleet, according to Maybank Investment Bank (Maybank IB) Research.

So far, MAHB has guided airlines to reinstate capacities over 80% of pre-pandemic in Malaysia and above 120% in Istanbul Sabiha Gokcen International Airport (ISGA) by the second half of 2023 (2H23).