Mavcom lowers passenger traffic growth forecast to 4.6-5.7pct - News Summed Up

Mavcom lowers passenger traffic growth forecast to 4.6-5.7pct


KUALA LUMPUR: The Malaysian Aviation Commission (Mavcom) has revised downward Malaysia’s passenger traffic growth forecast to between 4.6 per cent and 5.7 per cent for this year from 5.0 per cent to 6.0 per cent previously due to the coronavirus outbreak. The commission said the air passenger traffic was mainly affected due to various travel restrictions imposed by international airlines on mainland China. “We expect it (forecast) to give rise to losses of revenue for airports and local carriers due to disruption caused by coronavirus. “Malaysia’s traffic is very much dependent on Malaysian carriers. We are concerned about lack of connectivity and lousy yields as well as domestication of airlines route network,” he said.


Source: New Strait Times February 12, 2020 03:33 UTC



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