A profitable carrier at this time last year, Malaysia Airlines was unable to handle rising costs during the fiscal second quarter ended Sept. 30, posting a net loss of MYR367.7 million ($97.3 million) that reversed earnings of MYR132.7 million in the year-ago quarter. MAS said it does not expect an immediate return to profitability. "Systematic transformation initiatives are underway," Chairman Mohamed Munir Abdul Majid said in a statement. "However, while the company is already realizing ...

Subscribe to Access this Entire Article

"Costs rise, bottom line sinks at Malaysia Airlines" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.