Malaysia Airports optimistic about reaching 2016 targets, sees pick up in 2Q2016

Malaysia Airports (MAHB) reported (28-Apr-2016) it remains optimistic about meeting its 2016 passenger traffic growth target of 2.5% for Malaysia's operations and 10.8% for Istanbul Sabiha Gokcen International Airport operations. According to the company, it is also likely that the seat capacity offerings will improve from 3Q2016 onwards. MAHB noted that the recent announcement of Malaysia Airlines' codeshare agreement with Emirates and its improved positions coupled with other positive factors such as the shift of Malindo Air to Kuala Lumpur International Airport and the expectation to codeshare and interline with other foreign carriers, 2Q2016 is expected to be better for Malaysia Airports. [more - original PR]