Passenger traffic grows 8.5% at Malaysia Airports

posted on 23rd February 2018 by Jordan Newton
Passenger traffic grows 8.5% at Malaysia Airports

Passenger traffic across Malaysia Airports Holdings operations grew by 8.5 per cent to 96.5 million passengers in 2017, surpassing the 90 million mark for the first time.

Kuala Lumpur International Airport (KLIA) recorded an 11.2 per cent growth in passenger traffic to 58.5 million passengers for the same period while other gateways in Malaysia recorded an aggregate growth of 4.6 per cent to 38 million passengers.

The Group manages 39 airports across Malaysia along with Istanbul Sabiha Gokcen International Airport (SGIA) in Turkey, which welcomed 31.3 million passengers last year, an improvement of 5.6 per cent over 2016.

With the combined operating performance of SGIA, the Group’s network of airports handled 127.9 million passengers in 2017, representing 7.8 per cent growth over 2016.

As for the future, Malaysia Airports expects international passenger movements for the China, India and South East Asia sectors to make up 75 per cent of traffic in 2018.

Based on prevailing economic conditions and additional seat capacity offered by airlines the airport operator expects passenger traffic to grow by 6.3 per cent in 2018 with international and domestic traffic growing at 8.3 per cent and 4.2 per cent, respectively.

Meanwhile, SGIA is expected to register 34 million passenger movements in 2018 in line with the stable economic growth in Turkey.

In the 2017 financial year, the airport operator’s net profit more than tripled compared to 2016, due to higher passenger numbers and aircraft movements.

Net profit was 236 million ringgit ($60 million) compared to 70 million ringgit and revenue rose 11.5 per cent to 4.65 billion ringgit.

Revenue from overseas which includes operations in wholly-owned SGIA and Qatar, grew 14 per cent to 1.2 billion ringgit.