MALAYSIA Airlines (MAS) shares soared yesterday after it reported on Tuesday a near-tripling of operating profit to RM146.3mil for its fiscal third quarter ended Dec 31, 2002, beating most analysts’ forecasts.
The bird flu outbreak in the region did not appear to have had an impact on bookings and revenues, the airline said. The airline is now more cash-rich with RM1.891bil of funds on its balance sheet as at Dec 31, 2003.
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