Malaysia Airlines said it saw steady progress in the 2017 first quarter, even though it was a “tough” quarter with intensifying competition, higher fuel prices and adverse foreign exchange impacting its performance. However, group CEO Peter Bellew said, “Customers increased by 12.9% year-over-year to 3.57 million passengers and load factor at 79.4% versus 68.9% last year. Yields were lower due to intense competition and a price war. The quarter saw a further rapid ...

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