However, in reading the release here by Maybank, I think the opinion is wrong. How can Airasia and Airasia-X be impacted while MAHB is not impacted?
MAHB's revenue is dependent on passenger traffic. If ever, MAHB is more affected than Airasia's revenue is only about 30% from Malaysia, whereas MAHB's bulk of revenue is on passenger traffic.
His analysis is wrong.
Part of the article from STAR is below:
Maybank Research said the departure levy will negatively impact AirAsia and AirAsia X’s passenger load as their passengers are perceived to be price sensitive.
Historical accounts are mixed regarding the impact of tax hikes on air travel; in Europe, it caused a multi-year traffic decline while in Hong Kong and Singapore, it merely reduced the traffic growth momentum ever so slightly.
“The jury is not yet out whether the departure levy will kill passenger demand,” it said.
Maybank Research said the tax burden for international air travel will rise by 49% (within Asean) and 51% (outside Asean).
MAHB is largely unaffected but it is negative for airlines.
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i3lurker
obviously Maybank salary very low thats why "no one (inside Maybank) can fly" with RM20.00
Maybank staff eat RM1.00 nasi lemak everyday for lunch, so food every month is only RM20.00 (calculated as RM1.00 X 20 working days)
2018-11-05 19:41