by TMR/ FILE PIX

Malaysia Airports Holdings Bhd (MAHB) posted a net loss of RM197.87 million in its third quarter ended Sept 30, 2020 (3QFY20).

MAHB also posted lower revenue of  RM396.69 million compared to RM1.36 billion posted in the same period last year.

In an exchange filing, the company said this is due to significant contraction in passenger movements and prolonged Movement Control Order (MCO) period in Malaysia and other countries.

Revenue from the aeronautical segment decreased by 68.0% to RM228.6 million over the corresponding quarter in the prior year. 

Passenger traffic for the Malaysia operations contracted by 83.2% (international: -97.8%, domestic: -68.7%) to 4.5 million passengers as compared to 26.8 million passengers recorded in the corresponding quarter in the prior year. 

The passenger traffic for Turkey operations contracted by 52.5% (international: -73.8%, domestic: -37.3%) to 4.8 million passengers as compared to 10.1 million passengers recorded in the corresponding quarter in the prior year. 

Non-aeronautical segment decreased by 78.3% to RM122.3 million as compared to the corresponding quarter in the prior year. 

Revenue from the non-airport operations decreased by 40.1% or RM30.7 million due to lower revenue from the project and repair maintenance business segment and hotel businesses. 

Overall, Malaysia and Turkey operations had recorded a decrease in revenue by 73.0% to RM253.6 million and 67.7% to RM121.2 million respectively. Qatar operations recorded a decrease in revenue from RM40.2 million to RM21.9 million