Brokerage: Worst is over for aviation industry

RHB Research sees a recovery in MAHB's domestic operations in the coming quarters.

KUALA LUMPUR: RHB Research believes the worst is over for the aviation industry and expects more prominent recoveries for Malaysia Airports Holdings Bhd’s (MAHB) domestic operations in the coming quarters as airlines continue to resume and increase capacities and the gradual return of Chinese travellers.

In a research note yesterday, it said China’s passenger traffic recovery rate in March was only at 19% of 2019’s levels, and the group is expecting to achieve a more than 60% recovery rate from the East Asian nation by end-2023.