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Business

Malaysia Airlines revenue up 2% in first quarter

PETALING JAYA: The country’s national carrier, Malaysia Airlines Bhd, recorded a 2% year-on-year (y-o-y) growth in revenue for the first quarter ended March 31, amid the challenges and rising competition in the aviation sector.

Business

Mavcom: Air passenger traffic to grow 2.9%-4.1%

KUALA LUMPUR: Malaysia’s air passenger traffic is set to grow between 2.9% and 4.1% this year to between 105.5 million and 106.7 million passengers compared with 2018, according to the Malaysian Aviation Commission (Mavcom).

Business

AirAsia X posts third straight quarter of net loss on fuel cost

KUALA LUMPUR: AirAsia X Bhd posted a net loss in the October-December period, extending its losing streak for a third straight quarter, on higher fuel cost and increased finance expenses.

Business

AirAsia X reports RM99mil net loss in Q4

KUALA LUMPUR: AirAsia X Bhd posted a net loss in the October-December period, extending its losing streak for a third straight quarter, on higher fuel cost and increased finance expenses.

Business

Malindo expects to break even within two years

PETALING JAYA: Malindo Air, which has been affected by currency fluctuations and rising oil prices, expects to break even within two years, according to CEO Chandran Rama Muthy.