MAS bleeds, RM1bil loss


By JOHN LOHB.K. SIDHU

PETALING JAYA: With a year left to go, analysts and market observers are not convinced that Malaysia Airlines (MAS) can break even by end-2014, as outlined in its turnaround plan. 

The national carrier, which had adopted a strategy to sell as many seats as possible, posted another quarter of losses in the fourth quarter ended Dec 31, 2013 (Q4’13), its fourth straight quarter in the red and the worst yearly performance since 2011’s shock net loss of RM2.5bil.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , mas

   

Next In Business News

Top Glove bullish on outlook amid steady order inflows
The beauty of Hygr’s formula
Boons and banes of the DRG
50 shades of graze
Gold continues to glitter
Navigating tomorrow’s markets today
Will these acquisitions pay off?
Non-interested directors reject GDA-MAHB deal
Can Lotte Chemical Titan weather the challenges?
Lexis Hotel Group redefines luxury

Others Also Read