Air passenger traffic to grow 2.9-4.1pc, says Mavcom
The Malaysian Aviation Commission said it expected greater uncertainty ahead as global and local economic growth were expected to slow marginally. — Picture by Saw Siow Feng
In its bi-annual industry report released here yesterday, the commission said it expected greater uncertainty ahead as global and local economic growth were expected to slow marginally.“For 2019, we expect to see downward pressure on yields and therefore, similar downward pressure on revenues for Malaysian carriers as seat capacity growth is expected to surpass passenger traffic growth.
Mavcom’s fourth edition report, named Waypoint, provides an overview of the aviation sector including an analysis on industry structure and performance.Average revenue per available seat kilometre was marginally higher at 16.3 sen as average international fares fell 2.4 per cent to RM486, while average domestic fares remain unchanged at RM221.
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