Malaysia Airports - Recovery, Privatization & Strategic Transformation

Justin Lee

Singapore

May 17, 2025

Kota Kinabalu

© Jason Thien / Flickr

In 2024, Malaysia Airports achieved near full traffic recovery and transitioned to private ownership, setting the stage for expansive growth and strategic transformation.

Malaysia Airports’ network, including Istanbul Sabiha Gokcen International Airport (ISGA), recorded over 135 million passenger movements in 2024, achieving 96.1% of 2019 levels.

Within Malaysia, its airports handled 93.8 million passengers, reaching 89.1% of pre-pandemic levels.

Meanwhile, Istanbul Sabiha Gökçen International Airport (ISG) in Türkiye registered 41.9 million passengers, 16.7% above pre-pandemic levels.

MAHB reported its financial results for the quarter ended 30 September 2024 (3Q2024) and the first nine months of the year (9M2024), reporting 9M2024 revenue of RM4.26 billion, 20.3% higher compared to the same period last year (9M2023).

The Group’s Earnings Before Interest Taxes, Depreciation and Amortisation (EBITDA) rose to MYR2,066.0mn from MYR1,578.7mn a year ago. Its 3Q2024 group revenue stood at MYR1,532.2mn, an increase of 20.0% from the corresponding period in the previous year (3Q2023),

klia v3

© David Mckelvey / Flickr

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