Malaysia Airlines expects smaller loss
Malaysia Airlines reported lower passenger loads in the second quarter but said it expected to record a smaller loss for the year than originally budgeted. Q2 was weaker with quarterly revenue down due to soft demand during Ramadan. The flag carrier said it expected a stronger Q3. Load factor dropped 0.3 percentage points to 68.6% from Q1. “Competition both domestically and globally remains intense and I expect it will intensify in the second half of the year,” CE Peter Bellew said. “In the second half of 2016 we are working hard on revenue generation with more aggressive marketing and sales initiatives whilst maintaining strict cost discipline.”<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-09/oneworld/malaysia-airlines-expects-smaller-loss
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Malaysia Airlines expects smaller loss
Malaysia Airlines reported lower passenger loads in the second quarter but said it expected to record a smaller loss for the year than originally budgeted. Q2 was weaker with quarterly revenue down due to soft demand during Ramadan. The flag carrier said it expected a stronger Q3. Load factor dropped 0.3 percentage points to 68.6% from Q1. “Competition both domestically and globally remains intense and I expect it will intensify in the second half of the year,” CE Peter Bellew said. “In the second half of 2016 we are working hard on revenue generation with more aggressive marketing and sales initiatives whilst maintaining strict cost discipline.”<br/>
