KUALA LUMPUR: Malaysia Aviation Group Bhd (MAG), the parent company of Malaysia Airlines Bhd (MAB), has demonstrated resilience in its performance for the financial year ended Dec 31, 2024 (FY24), posting a net profit of RM54mil – marking another year of profitability.
The achievement, coupled with an operating profit of RM113mil and robust earnings before interest, taxes, depreciation and amortisation (Ebitda) of RM788mil, underscored the aviation group’s ability to navigate significant operational challenges – including an 18% capacity reduction in the fourth quarter of 2024 (4Q24) due to supply chain disruptions, extended maintenance times and delays in new aircraft deliveries.
