Malaysia Airlines is prepared to "take the lead" in increasing fuel surcharges and perhaps raising fares by as much as 50% in order to negotiate a "frightening" economic environment, MD and CEO Idris Jala wrote in an open letter last week. "Change, and I mean drastic change, is absolutely vital for our survival. That, and a willingness to reinvent the way we operate, including through mergers and acquisitions," Jala said. He said MAS "kept our head above water" with a first-quarter profit of ...

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