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KLIA and Langkawi ranked best airports globally again

KLIA and Langkawi ranked best airports globally again

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The Kuala Lumpur International Airport (KLIA) and Langkawi International Airport (LGK) have once again topped the global airport service quality (ASQ) survey as the world's best airports for the third quarter of the year. Both airports had a perfect score of 5.00, media outlets including The Edge Markets and Sinar Daily said. They were previously also ranked the top in the Q2 2022 survey.

For the quarter, KLIA had more than 40 million passengers per annum alongside eight other airports. Meanwhile, LGK was the only airport in the category of two to five million passengers per annum, media outlets said. ASQ is conducted by the Airports Council International and measures overall passenger satisfation when it comes to terminal safety, service, cleanliness and facilities.

Malaysia Airports Holdings (MAHB) reported earnings before interest taxes, depreciation and amortisation of RM860.0 million on the back of RM2.12 billion revenues, or 89.4% higher compared to the revenues for the same period last year.

According to MAHB, the significantly improved financials were underpinned by a continued recovery in passenger traffic in both its Malaysia and Turkey operations, with 58.1 million passenger movements recorded during the period ending September 2022, a three-fold increase compared to 21.9 million in 9M21, and a recovery of 55.5% against pre-pandemic levels as well as the group’s continued pursuit of various cost efficiency measures.

As a result, net loss for the group during the period markedly narrowed by over 70.0% to RM171.9 million from RM629.7 million during the same period last year. Net loss for the group in the third quarter of the financial year also significantly narrowed to RM9.0 million from RM182.3 million recorded in the prior year corresponding period.

Group MD Iskandar Mizal Mahmood is cautiously optimistic on the group's future performance. "Based on the last several months, we can see that passenger traffic is consistently improving and recovering well when compared to pre-pandemic levels. Similar to the last two years, we will continue to be prudent in managing our costs. At the same time, we will increase our efforts in pursuing non-aeronautical avenues to further strengthen the group’s financial position," he added.

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