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MAVCOM’s February Passenger Traffic Data Shows Robust Recovery and Consumer Confidence

1 Apr 2024

34.8% YoY growth


KUALA LUMPUR,
1 APRIL 2024 – The Malaysian Aviation Commission (MAVCOM) today released the latest passenger traffic statistics for February 2024, showcasing a notable increase in air travel demand and a promising trajectory towards recovery.

In February 2024, Malaysia witnessed passenger traffic reaching 8.1 million, a substantial 12.6 per cent month-on-month (MoM) increase from January 2024, which recorded 7.19 million passengers. This represents a substantial 34.8 per cent year-on-year (YoY) growth compared to February 2023, which recorded 6.01 million passengers. 

Of the 8.1 million, 7.81 million or 96.5 per cent, constitutes passenger traffic at all airports operated by Malaysia Airports Holdings Berhad (MAHB) while the remaining 0.29 million passengers or 3.6 per cent, represent movements at Senai International Airport, operated by Senai Airport Terminal Services Sdn. Bhd. 

The data showed a notable MoM growth across all regions, with domestic passenger traffic leading with a 20.4 per cent increase, from 3.32 million in January to 3.99 million in February 2024. International passenger traffic saw a positive MoM growth rate of 5.9 per cent. This growth can be attributed to various factors, including the Chinese New Year festive period, the month-long school break, and the establishment of 30-day visa exemptions for tourists from China and India, which collectively stimulated travel demand. 

Domestic and international passenger traffic contributed to 49.3 per cent and 50.7 per cent of overall traffic in February 2024, respectively, marking a 3.2 percentage point increase in domestic passenger traffic share compared with January 2024.

As of February 2024, year-to-date passenger traffic totalled 15.3 million, marking a notable increase from the same period in 2023, which recorded 12.6 million passengers. MAVCOM’s air passenger traffic forecast for 2024 ranges between 93.9 and 107.1 million passengers, underscoring the anticipated growth trajectory in the aviation sector. The recovery momentum is further evidenced by February 2024’s passenger traffic reaching 95.4 per cent of February 2019.

Datuk Seri Hj. Saripuddin Hj. Kasim, Executive Chairman of MAVCOM, said, “The aviation sector is on a trajectory towards robust recovery, with air passenger traffic for February 2024 showcasing a significant upturn. The present data indicates that the demand for air travel in Malaysia may reach pre-pandemic level by the end of 2024 and potentially surpass it in 2025. However, the current aircraft capacity remains a pressing issue due to supply chain disruption, causing delays in aircraft deliveries. Therefore, it is imperative that airlines meticulously plan their network and allocate their resources efficiently. In addition, airport operators must ensure that existing infrastructures are sufficient and able to accommodate the increased demand to maintain a high degree of service quality.”

He added, “Beyond just an increase in numbers, the significant uptick in air travel is a reflection of restored faith in safe travel and a resurgent desire for connection, underscoring the aviation sector’s pivotal role in facilitating not just economic vitality but also the rekindling of connections. As a regulator, MAVCOM is keenly aware of these developments and remains committed to ensuring that the sector’s growth continues to be matched by our robust consumer protection and service quality frameworks as well as regulatory oversight. This ensures that the recovery is not only strong but also equitable and sustainable.”

The passenger traffic statistics are released on a monthly basis.