Business

Published: Monday December 31, 2012 MYT 6:19:00 PM

Malaysia Airports targets EBITDA of RM751m for 2013


KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) targets earnings before interest, taxes, depreciation and amortisation (EBITDA) without construction profit of RM751mil for 2013.

It said on Monday that it expects 2013 to be a better year in terms of overall passenger traffic performance. It added many of the airlines' routes and capacity cuts that were affected over the last year have been reinstated or are in the process of being reinstated.

MAHB said it would continue to benefit from the strong traffic growth with the entry of new airlines and the expansion of local carriers in 2013.

"Therefore, the group expects to achieve a passenger growth of 7.1% for 2013 on the assumption that the Malaysian GDP growth remains in the range of 5%-6% and the global economic environment and jet oil prices remain stable," it said.

As for Klia2, MAHB expected it to start operations on May 1, 2013 and also contribute positively to MAHB group's revenue mainly due to higher passenger movements and complemented by enhancements in retail and commercial operations.

"However, klia2 is expected to incur higher operating expenditure due to its much larger capacity to accommodate for future growth in passenger and aircraft movements," it said.

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