{"id":7669,"date":"2023-08-09T10:53:46","date_gmt":"2023-08-09T10:53:46","guid":{"rendered":"https:\/\/aviation-news.info\/?p=7669"},"modified":"2023-08-09T10:53:46","modified_gmt":"2023-08-09T10:53:46","slug":"brighter-skies-ahead-for-aviation-sector","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=7669","title":{"rendered":"Brighter skies ahead for aviation sector"},"content":{"rendered":"
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Aviation news international – PETALING JAYA: The aviation sector in Malaysia is poised for recovery in 2024, as air travel demand is set to return to pre-pandemic levels, says TA Research.<\/p>\n

The research house said in a report that tours to China are in high demand.<\/p>\n

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It said this is due to increased flight frequencies connecting Malaysia and China, as well as relaxations on entry requirements to China.<\/p>\n

Hokkaido, Japan, as a travel destination is also highly sought after as Apple Vacations Sdn Bhd said it will charter five direct flights in December 2023 to cater to overwhelming demand.<\/p>\n

\u201cOverall, we opine that the price increase is relatively mild considering the year-end peak travelling season. This is underpinned by increases in flight capacities and a decline in fuel cost,\u201d it said.<\/p>\n

TA Research added that in anticipation of the Matta Fair next month, it expects the momentum to be steady despite the weak ringgit performance.<\/p>\n

\u201cSeparately, we believe air ticket prices would normalise further in 2024, with airlines putting more capacities to the market,\u201d it said.<\/p>\n

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STARPICKS<\/a><\/div>\n

Energising the world<\/a><\/h2>\n<\/div>\n<\/div>\n

The research house added that recent checks on airline websites revealed significant declines in airfares next year, particularly to destinations like Hong Kong, Bangkok and Osaka.<\/p>\n

\u201cThis is healthy for the market, in our opinion, as the ongoing market normalisation with rising capacities and declining airfares would put the aviation sector on a stronger footing of demand-supply equilibrium.\u201d<\/p>\n

TA Research is maintaining a \u201chold\u201d recommendation on\u00a0Malaysia Airports Holdings Bhd<\/a><\/a>\u00a0(MAHB) with an unchanged target price of RM7.40.<\/p>\n

Citing the Malaysian Aviation Commission, the research house said there will be no hike in passenger service charges to boost travel demand and a migration to cost-based approach is likely to be seen in the future.<\/p>\n<\/div>\n

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source : https:\/\/www.thestar.com.my\/business\/business-news\/2023\/08\/09\/brighter-skies-ahead-for-aviation-sector<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Aviation news international – PETALING JAYA: The aviation sector in Malaysia is poised for recovery in 2024, as air travel demand is set to return to pre-pandemic levels, says TA Research. The research house said in a report that tours to China are in high demand. It said this is due to increased flight frequencies …<\/p>\n","protected":false},"author":1,"featured_media":7671,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[96,102],"tags":[],"class_list":["post-7669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation-world","category-featured-en"],"yoast_head":"\nBrighter skies ahead for aviation sector - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=7669\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brighter skies ahead for aviation sector\" \/>\n<meta property=\"og:description\" content=\"Aviation news international – PETALING JAYA: The aviation sector in Malaysia is poised for recovery in 2024, as air travel demand is set to return to pre-pandemic levels, says TA Research. 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