Malaysia Airlines last week reported a second-quarter net loss of MYR533.6 million ($170.4 million), reversed from a MYR875.7 million profit in the year-ago quarter, blaming the result on a spike in fuel costs.
Malaysia Airlines. Photo: By Roger Payne. Malaysia Airlines last week reported a second-quarter net loss of MYR533.6 million ($170.4 million), reversed from a MYR875.7 million profit in the year-ago quarter, blaming the result on a spike in fuel costs. The carrier's second-quarter fuel expenses lifted 44% year-over-year to MYR1.1 billion. It said the average per barrel price of jet fuel during the three months ended June 30 was $89.7, up 35.5% compared to $66.7 in the year-ago ...
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