AVIATION
$AIRPORT / 5014 (MALAYSIA AIRPORTS HOLDINGS BERHAD) $AIRASIA / 5099 (AIRASIA GROUP BERHAD)
Research by MIDF
Neutral

“Near Full Recovery Thanks to Holiday Season”

Maintain NEUTRAL. Our outlook for passenger traffic remains unchanged, with projections indicating a +2.0% growth compared to 2019 levels, consistent with MAVCOM’s higher-range forecast. However, potential risks include delays in AirAsia’s full fleet reactivation and disruptions in Boeing aircraft deliveries to local airlines, which could impact these projections.

Analyst(s):
MIDF Research Team
midf@research.com.my