MAS bleeds, RM1bil loss

  • Business
  • Wednesday, 19 Feb 2014

PETALING JAYA: With a year left to go, analysts and market observers are not convinced that Malaysia Airlines (MAS) can break even by end-2014, as outlined in its turnaround plan. 

The national carrier, which had adopted a strategy to sell as many seats as possible, posted another quarter of losses in the fourth quarter ended Dec 31, 2013 (Q4’13), its fourth straight quarter in the red and the worst yearly performance since 2011’s shock net loss of RM2.5bil.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , mas


Next In Business News

Rastam Mohd Isa is new FGV chairman
5G coverage in populated areas at 68.8%
Hanoi to turn off 2G phone technology
Foreign funds take long-term stance
SC, SME Corp join hands to advance smaller businesses
Growth in net interest income a boon for banks
UEM Sunrise to provide grant for water quality assessment
SNS Network positive on ICT industry
Cashew exports predicted to rebound strongly by year-end
VS Industry set to sustain order momentum

Others Also Read