Malaysia Airports Holdings expects 7.1% growth in passenger traffic in 2013

Malaysia Airports Holdings announced (31-Dec-2012) it expects growth in passenger traffic across its airports of 7.1% in 2013, assuming Malaysian GDP growth of 5% to 6% and global economic and fuel price stability. The company forecast EBITDA without construction profit of MYR751 million (USD246 million) in FY2013. The company expects the opening of Kuala Lumpur International Airport Terminal 2 on 01-May-2013 to increase revenue by increasing passenger movements and providing new sources of non-aeronautical revenue but the facility will also increase the company's operating costs. The company expects to report 2% year-on-year growth in aircraft movements and 0.6% decrease in cargo movements in 2012. [more - original PR]