MAG swings to the black with net profit of RM766mil in FY23

KUALA LUMPUR: The Malaysia Aviation Group (MAG) has returned to the black by posting a first-ever net profit of RM766mil for the financial year ended Dec 31, 2023, from a net loss of RM344mil a year ago.

This is the first time the airline group has registered a profit since its inception in 2015.