MAG reports RM54mil net profit for 2024


Datuk Captain Izham Ismail

KUALA LUMPUR: Malaysia Aviation Group Bhd (MAG) reported a net profit of RM54 million for 2024 and RM113 million in operating profit. 

In a statement today, the group said it achieved robust earnings before interest, taxes, depreciation, and amortisation (EBITDA) of RM788 million despite operational headwinds, including network cuts in the fourth quarter of 2024, which reduced capacity by 18 per cent.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MAG , Malaysia Airlines , airline

Next In Business News

Ringgit closes higher against greenback on cautious market sentiment
T7 Global subsidiary appointed panel contractor for PETRONAS
YTL inks RM200mil naming rights deal with Aviva for Bristol arena
KL High Court dismisses appeals of former Jalatama officers
Well Chip posts FY25 net profit jump to RM86.15mil
Angkasa targets 2026 revenue to reach up to RM75bil
Aeon Credit issues RM100mil five-year senior sukuk
Late bargain-hunting lifts Bursa Malaysia to end higher
Net foreign inflows into Malaysian bonds reach RM951.9mil in January - RAM Ratings
Wawasan Dengkil's 2Q net profit falls due to revision of project costs

Others Also Read