The updated version of ACI APAC & MID’s Short Term Forecast 2025-2028, developed with OAG, projects Asia-Pacific air cargo volumes to grow 4.3% CAGR through 2028, while the Middle East is expected to expand at a 3.3% CAGR.
For international flights, although the number of passengers entering Japan has been on the increase in line with the gradual easing of entry restrictions since March 1, passenger traffic remained limited due to the prolonged impact of COVID-19.
International traffic recovery at Malaysia Airports’ local network of airports gets a further boost with the addition of one new foreign carrier and the recommencement of five others last month. Lanmei Airlines, a low-cost carrier from Cambodia launched its inaugural weekly flight connecting Phnom Penh (PNH) – Kuala Lumpur (KUL), utilising the Airbus A320 aircraft. It is the third airline, after Malaysia Airlines (MH) and AirAsia (AK) to serve this route.
Brisbane Airport (BNE) has boosted capacity as passenger numbers hit fresh records with Queensland on track for a bumper school holiday period.
Airport International Group announced that Queen Alia International Airport (QAIA) has welcomed 2,536,484 passengers (PAX) until May 2022 - marking a 200.5% surge and 23.4% drop against 2021 and 2019 figures, respectively.
Airport Authority Hong Kong (AAHK) today announced the traffic figures of Hong Kong International Airport (HKIA) for May 2022. During the month, HKIA handled 170,000 passengers, representing a year-on-year increase of 186.1%, although passenger volume remained significantly lower than the pre-pandemic levels. Cargo throughput and flight movements recorded 365,000 tonnes and 10,440, respectively, representing decreases of 9.7% and 4.0% compared to the same month in 2021.
Despite considering the Government of Japan’s decision to remove border measures imposed in the Country in response to the COVID-19 pandemic as a positive step, ACI Asia-Pacific recommends the Government for a complete removal of international air travel restrictions, indicating that the industry cannot fully recover amid curbs.
Kansai Airports today announced its consolidated financial results for the fiscal year ended March 31, 2022, posting operating revenues of 66.4 billion yen, operating loss of 33.2 billion yen, ordinary loss of 42.6 billion yen and net loss of 30.2 billion yen.
Malaysia Airports Holdings Berhad (Malaysia Airports or the Group) successfully concluded its 23rd Annual General Meeting (AGM) today, with all 5 Ordinary Resolutions and one Special Resolution tabled duly approved by its shareholders. The global airport operator continues to show strong resiliency during the pandemic in FY2021 by achieving positive earnings before tax, interest, depreciation, and amortisation (EBITDA) of RM220.3 million, an increase of over 100% from FY2020. It also recorded improved FY2021 net operating cash generation of RM271.1 million.
The Malaysia Airports Group has reported EBITDA of RM186.9 million for its financial period ended 31 March 2022 (1Q22), a significant improvement compared to the negative RM16.2 million recorded over the same period last year (1Q21). The significant improvement in Group EBITDA was largely in line with the traffic recovery for both of the Group’s operations for Malaysia and Turkey.
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