
AirAsia Defends Finances After Reporting 831 Million Ringgit Q2 Loss
The carrier held 18.4 billion ringgit in current liabilities against 954 million ringgit in cash and bank balances as of June 30.
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The carrier held 18.4 billion ringgit in current liabilities against 954 million ringgit in cash and bank balances as of June 30.

Co-founder Tony Fernandes says the carrier holds sufficient liquidity to navigate soaring unhedged jet fuel prices without state intervention.

Authorities are conducting contingency planning as the budget carrier faces financial pressure from debt and rising fuel costs, though no operational transfer has been decided.

Malaysia Airlines (MAS) is offering customers up to 30% savings on both international and domestic routes starting from Tuesday until May 15, 2017 under its “Mid-Year Marvels” promotion. The national carrier said on Monday the offers were up for grabs on all…

Struggling flag carrier Malaysia Airlines’ previous attempt turn itself around collided with low-cost local rival AirAsia Group’s rise. Now, both companies have run into the same turbulence. Malaysia Airlines, which has yet to recover from two 2014 tragedies…

Malaysia Airlines will significantly reduce its overall network, following the nationwide movement control order from March 18 to 31. International flights to India are suspended until the end of the month and flights to the Philippines are suspended between…

Malaysia Airlines announced the rebranding of its First Class cabin to Business Suite offering passengers new levels of luxury with ample cabin space and privacy. “The new Business Suite was introduced in response to the growing demand of our guests. Our…

Although relatively little is being said and publicised about Malaysia Airlines Bhd’s (MAB) recovery plan, a substantial amount of progress has actually been achieved in its business operations in line with the plan, which aims to revive the country’s…

Malaysia Aviation Group (MAG) has appointed Philip See as the new CEO of Firefly, effective Jan 1, 2019. Philip will replace Ignatius Ong who joined Malaysia Airlines as group chief revenue officer in June 2018. Ignatius has been double-hatting as CEO of…

Malaysia Airlines and Jet Airways have expanded their codeshare agreement to offer consumers a wider network of destinations effective Sept 24. Malaysia Airlines said in a statement that the wider network covers new routes with departures from Mumbai and…

Malaysia Airlines Bhd said a provisional deal to purchase eight Boeing Co 787 jets had lapsed and the airline was in talks with planemakers about the future of its widebody fleet. The national carrier last year signed a memorandum of understanding (MoU) with…

Malaysia Airlines Bhd (MAB) aims to tap into 50% of the umrah pilgrimage market in Malaysia and Indonesia with 270,000-290,000 umrah pilgrims projected to make their pilgrimage to the holy land in the upcoming pilgrimage season. The national carrier entered…

Malaysia Airlines Berhad (MAB) reported a 2% year-on-year growth in revenue for the first quarter (Q1) ended March 31, 2018 with 6.6% yield improvement despite the significant competition in both international and domestic sectors. Despite improvements in the…

Malaysia Airlines Bhd’s (MAB) passenger load factor for the fourth quarter (Q4) ended Dec 31, 2017 dipped to 77% from 81% a year ago with a 10.5% drop in the number of passengers carried from 3.8 million to 3.4 million. Despite that, Q4 passenger yield was…

Tata Consultancy Services has implemented an industry-first transformation project to migrate Malaysia Airlines’ data center to a 100% hybrid cloud model. To better enable a competitive-edge and future readiness for the airline, TCSorchestrated the large and…

The expansion of new routes to China, India and North Asia, which is expected to happen in the second half of financial year ending Dec 31, 2018, would be the key to the turnaround story of Malaysian Airlines Bhd (MAB), said chief executive officer Peter…
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