A "collapse in demand" contributed to a MYR694.8 million ($196.8 million) first-quarter loss for Malaysia Airlines compared to a MYR120.5 million profit in the first three months of 2008. An operating loss of MYR137.9 million, reversed from a MYR132.9 million profit in the year-ago period, was the revitalized company's first since the 2006 third quarter and resulted from a "triple squeeze--overcapacity, extreme fuel volatility and a global slump which hit passenger and cargo demand," MAS ...

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