Malaysia Airlines (MH) reported a 2011 fourth-quarter loss of MYRI 1.28 billion ($423 million) and full-year loss of MYRI 2.52 billion. The losses compare to profits of MYRI 226 million for the year-ago quarter and MYRI 234 million in 2010. The carrier’s fuel costs increased 33% year over year to MYRI 5.85 billion. Group revenue for the year increased slightly to MYRI 13.9 billion and passenger numbers increased 1.3 million to 17 million. CEO Ahmad Jauhari Yahya promised a ...

Subscribe to Access this Entire Article

"Malaysia posts 4Q and full-year losses" 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.