Despite operating amid "the perfect storm" of high fuel prices and overcapacity, Malaysia Airlines yesterday reported its eighth consecutive quarterly profit, a MYR40 million ($11.9 million) figure that represented a 64.6% decline from the MYR112.8 million posted in the year-ago period. "It's an extremely tough environment, and with overcapacity and global downturn, the situation is going to get even more challenging," MD and CEO Idris Jala warned (ATWOnline, June 30). He credited the ...

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