This report profiles Malaysia’s aviation industry, discussing market trends through 2015 and outlook for 2016 and beyond. The report also highlights leading players in the sector including Malaysia Airports Holding Berhad (MAHB), Malaysia Airlines System Berhad (MAS), and AirAsia Berhad (AirAsia).
The aviation sector has played an important role in developing the Malaysian economy and has helped in stimulating other sectors of the economy like tourism, hospitality and trade. In the last decade, the Malaysian aviation industry saw a period of high growth in passenger traffic at both domestic and international terminals. Malaysia was the 18th largest civil aviation market in the world in terms of air passenger traffic as of 2014.
FY15 was a year of mixed fortunes for the Malaysia aviation industry. On the one hand, the significant decline in fuel prices brought some relief to the operating margins of carriers; on the other hand, lower passenger traffic growth and depreciation of MYR against USD pared down the gains made through lower fuel prices. A slowdown was recorded in passenger traffic, cargo movements and commercial aircraft movements in FY15.
However, despite the slowdown, the outlook for Malaysian aviation is positive and the growth in passenger traffic is expected to revive in the coming years. The growth will be driven by increase in domestic as well as international tourism, growing popularity of Malaysia as an Asian travel hub, rising importance of Kuala Lumpur as an international financial center and surge in per capita income.
• During 2005-15, the total passenger traffic at Malaysian airport terminals grew at a CAGR of 7.2% and exceeded 83mn at the end of 2015. This growth was higher compared to the average figures recorded globally.
• The passenger traffic at Malaysian international airport terminals touched 39.7mn in 2015, which was slightly lower than in 2014.
• Malaysia was the 18th largest civil aviation market in the world in terms of air passenger traffic as of 2014. It constituted around 1.5% of the world’s air passenger traffic.
• Malaysia’s GDP was around MYR 5.1bn or around 0.5% of GDP. The segment grew at a CAGR of 4% during 2007-14.
To Purchase This Report - Click Here
This report covers the key economic, financial and political releases for Bulgaria for the period September 19 – October 20.
The Bulgarian Academy of Sciences (BAS) has raised its GDP growth ... more
This report covers the main macroeconomic releases from September 1 until September 30, 2016 as well as the financial and political events that took place in Montenegro during this period.
This report covers the main macroeconomic releases from September 1 until September 30, 2016 as well as the financial and political events that took place in Bosnia during this period.
The EU ... more