KUALA LUMPUR: Following sequential earnings improvement in 1Q23, the Malaysian aviation sector is expected to continue to recover as business and air travel are poised to return to pre-pandemic levels in 2024, said Kenanga Research.
"In 2024, we project tourist arrivals to jump further by 24% to 20m, compared to pre-pandemic level of 26 million," said the research firm, which has a "neutral" rating on the sector.
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