Moderate growth for Malaysia’s aviation sector expected

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Malaysia AirlinesMalaysia’s aviation traffic growth will moderate to between 9 to 10 per cent in 2014, based on the fact that the industry will add 33 per cent less aircraft than 2013, Maybank Investment Bank said according to Bernama.

In a note on February 17, it said a majority of the aircraft were narrow–bodied with a lower seat count, while in 2013, most were large wide-body aircrafts with massive seating capacity.

“Other factors such as sustained gross domestic product growth and the Visit Malaysia Year 2014 will be supportive of the growth,” the investment bank said.

Passenger traffic growth soared 18.4 per cent year-on-year in 2013, the highest in the world, and was Malaysia’s best performance in 21 years.The airline industry achieved a record 81 per cent load factor in 2013, the first time it cracked the 80-per-cent mark.

The Kuala Lumpur International Airport’s 2013 traffic growth of 19.1 per cent year-on-year to 47.5 million passengers made it the fastest–growing major airport in the world.

“As for Malaysian Airlines, it achieved the best year-on-year improvement, while AirAsia and AirAsia X both receded slightly last year,” the bank said.

It had maintained an “overweight” call on the aviation industry and rated AirAsia “top buy”, AirAsia X “buy”, Malaysian Airlines “hold” and Malaysia Airports Holdings Bhd “sell”.

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Reading Time: 1 minute

Malaysia’s aviation traffic growth will moderate to between 9 to 10 per cent in 2014, based on the fact that the industry will add 33 per cent less aircraft than 2013, Maybank Investment Bank said according to Bernama.

Reading Time: 1 minute

Malaysia AirlinesMalaysia’s aviation traffic growth will moderate to between 9 to 10 per cent in 2014, based on the fact that the industry will add 33 per cent less aircraft than 2013, Maybank Investment Bank said according to Bernama.

In a note on February 17, it said a majority of the aircraft were narrow–bodied with a lower seat count, while in 2013, most were large wide-body aircrafts with massive seating capacity.

“Other factors such as sustained gross domestic product growth and the Visit Malaysia Year 2014 will be supportive of the growth,” the investment bank said.

Passenger traffic growth soared 18.4 per cent year-on-year in 2013, the highest in the world, and was Malaysia’s best performance in 21 years.The airline industry achieved a record 81 per cent load factor in 2013, the first time it cracked the 80-per-cent mark.

The Kuala Lumpur International Airport’s 2013 traffic growth of 19.1 per cent year-on-year to 47.5 million passengers made it the fastest–growing major airport in the world.

“As for Malaysian Airlines, it achieved the best year-on-year improvement, while AirAsia and AirAsia X both receded slightly last year,” the bank said.

It had maintained an “overweight” call on the aviation industry and rated AirAsia “top buy”, AirAsia X “buy”, Malaysian Airlines “hold” and Malaysia Airports Holdings Bhd “sell”.

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