Malaysia Airlines returned to the red in the third quarter, reporting a MYR298.9 million ($88.2 million) loss that represented a reversal from the restated MYR38.6 million surplus earned in the year-ago period and its second deficit in three quarters this year. A precipitous 26.8% year-over-year plunge in operating revenue to MYR2.89 billion, plus a MYR202.1 million loss on fuel hedges, proved too much for MAS to overcome. Nevertheless, MD and CEO Azmil Zahruddin said that "fuel prices are ...

Subscribe to Access this Entire Article

"Falling revenue, fuel hedges drag MAS to loss" 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?

Already registered? here.