Aviation industry shows greater operational efficiency in 2018

Last update: 26/12/2018

By Zairina Zainudin

KUALA LUMPUR, Dec 26 (Bernama) – Malaysia’s aviation industry had a fairly ‘stable’ 2018 with  airlines showing greater efficiency in operations but overall growth has been slowing down as the industry heads towards a matured phase.

Maybank Kim Eng analyst Mohsin Aziz said growth in passenger movement for this year was likely to be two per cent, relatively lower than during the 17-year period in the country from 2000-2016, where growth was at almost eight per cent per annum on the back of cheap airfares and higher average flight per population.

In 2017, traffic improved 8.5 per cent to 96.54 million passengers from 88.98 million in 2016, the second highest increase in the last 20 years.

He said the current average age of Malaysians, with the population getting older and travelling less, also partly contributed to the slower growth this year.

“Ever since the MH370 (incident) in 2014, our growth has been slowing down a lot. So basically, our high growth phase is over already and now we are in the slower maturing growth.....