MALAYSIA Airports Holdings Bhd (MAHB) is optimistic of its fourth-quarter (4Q) results driven by anticipations of an upward trend in passenger movements if interstate travel is allowed.
“In 4Q, hopefully with the opening up of Langkawi and interstate borders, we can see a bit of the momentum in terms of passenger traffic. That will cushion the impact from our losses and we hope that our losses will narrow in 4Q.
“We took in a hefty impairment for Istanbul Sabiha Gokcen (ISG) which is about RM500 million, this year we do not anticipate any further impairment because ISG has actually shown a good recovery in terms of passenger traffic and performance,” MAHB CFO Mohamed Rastam Shahrom said in a virtual press conference yesterday. Read more
