Malaysia Airlines reports marginally lower loss for FY2018
Last update: 01/03/2019
KUALA LUMPUR, March 1 (Bernama) -- Malaysia Airlines saw a challenging 2018 and finished the year on a marginally lower loss compared to a year ago due to several factors, including crew shortages in the second half of 2018.
However, the company had not disclosed the actual figure.
In a statement today, the airline said the year also saw intense competition, with supply outstripping demand, as well as volatility in fuel and foreign exchange which also affected its profits.
“Notwithstanding the challenging operating environment, encouraging improvements were seen in 2018 compared with the previous year.
“Revenue average seat per kilometre saw a marginal increase of 2.0 per cent year-on-year on the back of improved pricing segmentation,” it said.
Meanwhile, total revenue registered a one per cent rise over last year’s performance while the overall load factor was sustained at 78 per cent.