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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.

Malaysia’s Air Travel Up 7% YoY in February, Aviation Recovery Gains Altitude

  Key Takeaways: Passenger Growth:  Malaysia recorded  8.7 million air passengers  in February 2025, up  6.9% YoY  from the same month last year. Slight Monthly Dip:  Traffic declined  5.9% MoM , but travel demand remained strong due to  school holidays, visa exemptions , and  new routes . Domestic vs International: Domestic traffic:  4.3 million (+6.6% YoY) International traffic:  4.4 million (+7.2% YoY), making up  51.5%  of total passenger volume YTD. Strong Non-ASEAN Travel: Non-ASEAN passengers:  2.6 million (+10% YoY) ASEAN passengers:  2.2 million (+4.4% YoY) Busy Airports: KLIA (+7.2%) Penang (+8.7%) Senai (+6.9%) Kota Kinabalu (+5.3%) Langkawi (+2.3%) Kuching (+1.7%) Boosting Factors:  Higher seat capacity,  visa exemptions for China and India , and new routes like  Kota Kinabalu–Tokyo ,  KL–Ürümqi , and  Penang–Zhangjiajie  supported growth. Outlook for 2025:  MAV...

Capital A’s Road to Recovery: Tony Fernandes Aims for a Turnaround in 2025

Key Highlights: Tony Fernandes sees 2025 as a "rebuilding year"  as Capital A restructures to exit PN17 status. Sale of AirAsia’s aviation business to AirAsia X (AAX) for RM6.8 billion  is critical to resolving Capital A’s financial struggles. Regulatory approvals and court rulings pending , with a crucial hearing set for late March. Capital A seeks to cut costs, optimize routes, and restart 14 grounded planes  to reduce cash burn. Saudi Arabia’s PIF rumored to invest RM1 billion in AirAsia Group Bhd (AAGB)  as part of the restructuring deal. BigPay, Capital A’s fintech unit, is struggling, and a partner is sought to take over leadership. Tony Fernandes’ Vision: A Year of Rebuilding Capital A Bhd, the parent company of  AirAsia , is at a crucial turning point in its financial recovery. CEO  Tan Sri Tony Fernandes  has laid out an aggressive plan to restore profitability, exit  PN17 status , and  rebuild the airline’s competitive edge  in...