KUALA LUMPUR, Oct 13 — Malaysia Airports Holdings Bhd (MAHB) is expected to be mildly negatively impacted on fewer passengers and potential provision for doubtful debts following...
In its research note today on Malaysia Aviation, it said AirAsia X Bhd would not be impacted at all while Capital A Bhd stands to benefit the most via higher fares. — Bernama picKUALA LUMPUR, Oct 13 — Malaysia Airports Holdings Bhd is expected to be mildly negatively impacted on fewer passengers and potential provision for doubtful debts following the suspension of MYAirline Sdn Bhd’s operations, said Maybank Investment Bank .
In its research note today on Malaysia Aviation, it said AirAsia X Bhd would not be impacted at all while Capital A Bhd stands to benefit the most via higher fares.“Based on our earnings estimates, we are making ‘Buy’ calls on MAHB and AAX, and maintaining ‘Hold’ on Capital A. “Yet, investors ought to look out for Capital A’s fourth quarter 2023 results which may be boosted by high fares,” said Maybank IB.After less than a year of operations, MYAirline on October 12, 2023 suspended its operations due to significant financial pressures and the suspension is pending shareholder restructuring and recapitalisation.Its business model was very similar to Capital A’s in that it was operating as a low-cost carrier flying to domestic and Asean destinations.
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