Malaysia Airports sees solid rebound in 2022 passenger numbers
March 01, 2023
Malaysia Airports' local operations handled 52.7 million passengers in 2022, an almost five-fold increase from 2021. The figure represents a 50% recovery against pre-pandemic levels, airport operator Malaysia Airports Holdings (MAHB) says in a 28 February release. Its Turkey operations saw 31.2 million passenger movements, an increase of 23% year on year, mainly driven by a 10% growth in its international passenger movements. The operator states: "The robust recovery seen in both Malaysia and Turkey is underpinned by the easing of global travel and health restrictions, improved passenger confidence to travel, as well as resumption of airlines operations via capacity restoration and addition of new routes." The group reported a net profit of MYR187 million ($41.7 million) during the period, rebounding from a loss of MYR766 million in the year-ago comparable period, mainly due to higher number of passengers, improvement in cost efficiency, reduction in utilisation fees and improved contribution from associates and joint ventures. Revenue rose 87% to MYR3.13 billion. The group's EBITDA rose to MYR1.19 billion from MYR220 million a year ago, driven by passenger traffic that more than doubled and recovered by 59% against pre-pandemic levels. Malaysia Airports' managing director Dato' Iskandar Mizal Mahmood states: "After a tumultuous period of uncertainty and challenges, passenger traffic is steadily improving and recovering closer to pre-pandemic levels. "We are now working towards finalising and signing the new operating agreements with the government after receiving the cabinet's approval on the principal terms in early February, which will catalyse our development plans and chart our future growth. While we actively continue to seek revenue generation opportunities, we will also continue to be prudent in managing our costs to strengthen our financial position."
EgyptAir receives Africa's first A321neo
February 28, 2023
EgyptAir has taken delivery of its first Airbus A321neo, becoming the first African operator of the aircraft. The aircraft, powered by CFM engines, is on lease from AerCap, notes the European airframer. It was delivered from Airbus' delivery centre in Hamburg. The single-aisle aircraft will increase EgyptAir's capacity to the Middle East, Africa and Europe, Airbus adds. It joins the airline's Airbus fleet of 12 A220s, eight A320neos, two A320ceos, four A330-200s and four A330-300s.
US airports to receive another $1bn in Infrastructure Law grants
February 28, 2023
The US Federal Aviation Administration is awarding about $1 billion to 99 domestic airports, which will variously invest the funds in baggage systems, security checkpoints, ground transportation, terminal sustainability, accessibility for people with disabilities and air traffic control towers. The awards follow the initial $1 billion for airport terminals granted to 85 airports, disclosed in July 2022. Both batches of grants fall under the US Infrastructure Investment and Jobs Act signed into law by US president Joe Biden in November 2021. The law – also known as the Bipartisan Infrastructure Law – awards $550 billion during fiscal years 2022-2026 in new US investment in infrastructure, including in roads, bridges, mass transit, water infrastructure and broadband. As part of the new batch of grants, airports including Des Moines International in Iowa and Salt Lake City International will receive funds for new or expanded terminal facilities. Sarasota-Bradenton in Florida and Savannah/Hilton Head International airport in Georgia will get funds for improved security-screening areas, among other airports. Six grants were awarded to airports to refurbish their air traffic control towers, including Chennault International airport in Lake Charles, Louisiana, and Rosecrans Memorial airport in St Joseph, Missouri. "Americans deserve the best airports in the world, and with demand for air travel surging back, this funding to improve the passenger experience comes at the right time," US Transportation secretary Pete Buttigieg states. "These grants will make it faster and easier to check your bags, get through security, and find your gate, all while creating construction jobs and supporting local economies." Aging airport infrastructure and insufficient federal funding in equipment, technology and manpower have been cited by US airline executives as hurdles in meeting current demand for travel. Southwest Airlines' chief operating officer Andrew Watterson said on 9 February during a hearing of the Senate Committee on Commerce, Science and Transportation that "to be able to better handle the winter weather we need more infrastructure at airports for de-icing". Watterson noted that airport infrastructure was just one factor in the cancellation by the Dallas-based carrier of more than 16,700 flights in December. United Airlines' chief executive Scott Kirby on 19 October during an earnings call listed airport infrastructure among several long-term constraints on aviation: "Pilot shortages, aircraft delivery shortages from both Boeing and Airbus, air traffic control saturation and airport infrastructure constraints around the world are all real, and they are constraints that will take years to fully resolve."