MAHB posts new monthly high for passenger movements in July

KUALA LUMPUR (Aug 19): Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) recorded 12.4 million passenger movements in July, marking a 7.3% increase from the previous month and setting a new post-pandemic monthly high.

In a statement, the group said the growth was largely driven by local airports, which recorded 8.5 million passenger movements, comprising 4.5 million international passengers and four million domestic passengers, representing an 8% rise month-on-month (m-o-m) compared to June.

It said that international passenger movements increased by 11% m-o-m, while domestic movements grew by 5% m-o-m.

“Key markets such as Indonesia, China and Singapore continued to dominate in July.

“The addition of Qingdao Airlines and increased frequencies by airlines to and from China and Indonesia contributed to a total seat capacity recovery of 85.8%," said the group.

Meanwhile, MAHB's Turkish asset, namely the Istanbul Sabiha Gokcen International Airport, recorded 3.9 million passenger movements in July, marking a 6% increase from the previous month.

"The summer holiday season, along with the introduction of new routes and additional flight frequencies, contributed to a new annual high in international passenger movements, which reached nearly two million, a 9% m-o-m increase over June.

"Domestic passenger movements also grew to 1.9 million, up 3% m-o-m," it added.

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