MAS set to return to profitability

Stable footing: The tail wings of MAS aircraft as a plane is loaded with meals on the tarmac before take off at the KL International Airport. The airline’s restructuring effort is proceeding as planned and the company has finished laying off employees. — EPA

SINGAPORE: Malaysia Airlines Bhd (MAS) is on track to return to profitability by 2018, helped by job cuts and route changes undertaken as the company reeled from two high-profile plane crashes in 2014, chief executive officer Christoph Mueller said.

The airline’s restructuring effort was proceeding as planned and the company has finished laying off employees, Mueller said in an interview with Bloomberg Television in Singapore. The carrier wanted to buy and own some aircraft once its targets were met, as its existing fleet structure was skewed toward leased planes, he said.