By Chester Tay

Malaysia Airports Holdings Bhd. incurred a net loss for the second consecutive quarter in the second quarter ended June 30, as the prolonged closure of international borders due to Covid-19 hurt passenger volume.

Net loss for the April-to-June period amounted to 91.1 million ringgit ($21.8 million), compared with a net profit of MYR160.1 million a year ago, the airport operator said in a stock exchange filing Thursday. Revenue shrunk 78% from a year earlier to MYR272.2 million.

The group posted a net loss amounting to MYR111.5 million for the first half of the year, versus a net profit of MYR309.7 million in the same period last year, while revenue dropped 52% to MYR1.21 billion.

Malaysia Airports expects a recovery in the coming months, as the government loosens the ban on international travel into the Southeast Asian country.

The government has also identified travel bubbles with six countries, with reciprocal arrangements allowing flights and travelers on these routes, the group said. 



  Write to Chester Tay at chester.tay@wsj.com