Malaysia Airlines on track for profit in 2018 despite tough Q2
Malaysia Airlines maintains that it is on track to return to profit in 2018, despite suffering through a challenging 3 months ended June 30 as its domestic and international network performance diverged. The airline says in its latest quarterly update that conditions were "tough" due to heightened competition and adverse foreign exchange movements. Whilst not providing any figures, the carrier says that revenue for the 3 months grew 8% year-on-year, off the back of ASKs growing 1.8%. Load factor, however, contracted 1.6 percentage points to 77.8%. Network-wide, yield was marginally up to 21.4 Malaysian cents from 21.2 cents. On its international network, the carrier's loads increased by a whopping 16.9 percentage points to 78.8%, whilst its average fare fell 4.5%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-12/oneworld/malaysia-airlines-on-track-for-profit-in-2018-despite-tough-q2
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Malaysia Airlines on track for profit in 2018 despite tough Q2
Malaysia Airlines maintains that it is on track to return to profit in 2018, despite suffering through a challenging 3 months ended June 30 as its domestic and international network performance diverged. The airline says in its latest quarterly update that conditions were "tough" due to heightened competition and adverse foreign exchange movements. Whilst not providing any figures, the carrier says that revenue for the 3 months grew 8% year-on-year, off the back of ASKs growing 1.8%. Load factor, however, contracted 1.6 percentage points to 77.8%. Network-wide, yield was marginally up to 21.4 Malaysian cents from 21.2 cents. On its international network, the carrier's loads increased by a whopping 16.9 percentage points to 78.8%, whilst its average fare fell 4.5%. <br/>
