Malaysia Airlines Berhad (MAB), now a government-controlled entity of Malaysian sovereign wealth fund Khazanah, said in its May Quarterly Progress Update (QPU) it was seeing “strong indications [of] positive results” as a result of ongoing restructuring. The Malaysian flag carrier said it was experiencing “good progress” on its turnaround plan, with a 23.4% rise in yield to MYR 0.23 ($0.6) per passenger on the back of a significant 32.9% cut in operating costs over ...

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