At the Group's 22nd Annual General Meeting (AGM) today, Chairman Dato' Seri Diraja Dr. Zambry Abd Kadir said that the Group had remained resilient with strong liquidity and manageable borrowing level whilst containing costs at 36.3%, 'The Group took immediate measures to mitigate the impact of the crisis and stabilise the Group's performance. We are executing a comprehensive plan looking at all aspects in order to maintain high service standards while laying the building blocks for our future growth.'
According to group chief executive officer Dato' Mohd Shukrie Mohd Salleh, 'Not only are we focused on improving our cashflow to pre-pandemic levels, but we are also preparing our airports and staff to be at the optimum level of operational efficiency to welcome passengers once restrictions are lifted. We are seeing light at the end of the tunnel especially with the reopening of domestic tourism. With Langkawi as the pioneer destination of the domestic travel bubble, we are certainly looking forward for our airport operations to be in full swing again.'
'Despite 2020 being a challenging year, we focused on improving our operation standards and facilities. We also took full advantage of the lull period to upgrade and expedite our long-term plans such as the critical asset replacement and as well as our commercial reset initiatives. In fact, our improvement efforts resulted in well-deserved achievements such as KLIA being ranked among the top 10 in the world for the category of over 40 million passengers per annum (mppa) in the ASQ survey last year. This was a significant improvement from our 17th position pre-pandemic,' Dato' Mohd Shukrie further added.
For 2021, the Group is focusing on key drivers comprising further reduction of costs against FY20, implementation of mission critical projects, stabilisation of credit ratings, attainment of additional Revolving Credit Facilities for contingency measures, proactive receivables management and engagement with customers. These measures complement the Group's Future F.I.T. (financially sustainable, impact driven and technology focused) business plan that drives the Group to maximise revenue generation, develop new capabilities and ensure business sustainability.
In its bid to ensure continued safety of staff, the Group also announced that 93% of the workforce is fully vaccinated. It is targetting for all staff to receive both doses of vaccination by end of this month. To date, on safety standards, 6 airports have successfully received the Airport Health Accreditation (AHA) from ACI. KLIA, Istanbul
While the Group anticipates domestic air travel recovery in
Dato' Seri Diraja Dr Zambry reiterated the Group's commitment and concluded the AGM by extending his appreciation on behalf of the Group's Board and Management to all its shareholders; airline and retail partners; government and regulatory agencies, business partners, vendors, and suppliers for their continuous support towards
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