KUALA LUMPUR: Malaysia Aviation Group (MAG) sees significant pressure for its financial year 2026 (FY2026) amid sustained increases in fuel prices.
MAG president and group chief executive officer Captain Nasaruddin A. Bakar said fuel prices had risen significantly following the escalation of the conflict in West Asia, placing additional pressure on the group’s financial position.
"Yesterday, it was at US$160 per barrel (for jet fuel). It has given us significant pressure on our financial funds, and that will have an impact on the group,” he told a press conference today.
He said the group had performed well operationally during the first two months of the year and recorded profits during the period before the impact of the West Asia crisis was felt.
The group is also closely monitoring market conditions and making targeted adjustments to its network to manage costs and safeguard its financial performance. - Bernama
