Air passenger traffic to grow by over 300% in 2022

0
58

KUALA LUMPUR: The Malaysian Aviation Commission (MAVCOM) is forecasting air passenger traffic to grow by 316 per cent to 525 per cent year-on-year (y-o-y) in 2022 to between 32.6 million and 49.0 million passengers.

This would mark a 30 to 45 per cent restoration from the pre-pandemic air passenger traffic ranges in 2019, the regulator mentioned in a press release in conjunction with the discharge of the tenth version of its business report, Waypoint.

“Additionally, airways are anticipated to regularly broaden seat capability as pent-up journey demand and accrued financial savings drive passenger traffic progress in 2022,” it mentioned.

The Waypoint report outlines the efficiency of the Malaysian aviation sector in the third quarter of 2021.

In the report, MAVCOM indicated early indicators of restoration for the native aviation sector in September and October 2021, which recorded air passenger traffic progress of 56.6 per cent and 190.2 per cent month-on-month, respectively.

Air passenger traffic for the months stood at 5.3 per cent and 14.9 per cent of the traffic recorded in the identical months of 2019, it mentioned.

Executive chairman Datuk Seri Saripuddin Kasim mentioned complete air passenger traffic for 2021 is anticipated to be nearer to MAVCOM’s best-case state of affairs forecast of 6.9 million to 7.8 million air journey passengers.

He famous that the easing of journey restrictions, journey bubbles, the reopening of worldwide borders in mild of Malaysia’s fast vaccination rollout, in addition to the current Vaccinated Travel Lane (VTL) to Singapore, have contributed to the restoration.

These initiatives have allowed for tourism actions to restart with early indications pointing in direction of a optimistic outlook for Malaysia’s air passenger traffic in 2022, he mentioned.

“The Malaysian aviation sector’s journey to full restoration continues to be removed from over.

“Aviation business gamers should still face vital challenges forward with the rise in Brent crude oil and jet gasoline costs that would affect operational prices, in addition to potential outbreaks of recent COVID-19 variants, together with the fast-spreading Omicron variant.

“However, we stay hopeful that the business will proceed to make progress, significantly because the Malaysian authorities considers reopening mutual borders with a number of nations,” he added.

On air cargo, Saripuddin mentioned demand stays resilient, mirrored by a considerable y-o-y progress of 19.7 per cent in complete freight tonne kilometres (FTK) throughout the third quarter of 2021.

“The fee expects air cargo to stay important to the business for the rest of 2021 and in 2022,” he mentioned.

For 2022, air cargo traffic is projected to grow by between 3.9 per cent and 6.7 per cent y-o-y, which interprets into 20.8 billion to 21.6 billion FTK, underpinned by the progress of vaccination programmes, robust progress of e-commerce, electrical and electronics in addition to demand from Malaysia’s primary buying and selling companions, he added. – Bernama



Source link