The minister said earlier this week that in the Malaysian Aviation Commission's (MAVCOM) revised projections for passenger traffic this year, it expects passenger numbers to shrink as much as 75.6% to 26.6 million, compared with the 109.2 million passengers recorded in 2019.
"In this regard, airlines are expected to need a period of three years to fully recover situation from the impact of the COVID-19 epidemic, subject to the of the outbreak in the country and abroad," he said in a written parliamentary reply dated Monday.
Airlines globally have taken a hit from the pandemic as governments shut borders and grounded flights to contain the spread of the virus.
MAVCOM first revised lower its 2020 passenger traffic forecast in June, expecting a contraction of as much as 50.3%, to 54.3 million passengers.
Malaysia's national carrier Malaysia Airlines and the long-haul unit of AirAsia Group Bhd, AirAsia X Bhd , have both cut staff and announced restructuring plans.
AirAsia Group has also lowered its market recovery expectations. The Malaysian arm of Indonesia's Lion AirMalindo Air has also launched a retrenchment exercise.
© Reuters, aero.uk | 11/11/2020 11:40