Malaysia Airlines sees small RASK rise in Q3
Malaysia Airlines disclosed that its RASK rose 2% year-on-year during the quarter ended 30 September, despite strong competition and adverse currency movements. The airline states that load factor during the quarter was steady at 77.5%, while passenger revenue increased by 3.5%. No figure for revenue was provided, nor were any other financial metrics included in its disclosure. Malaysia Airlines group CE Izham Ismail says the airline is seeing some progress on its turnaround plan, but still faces a number of challenges ahead. “Moving forward, we will be renewing focus on yield with clearer customer segmentation and improved revenue management practice. Revenue is improving but we need to step this up to address rising costs from fuel and forex volatility,” he adds. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-12-11/oneworld/malaysia-airlines-sees-small-rask-rise-in-q3
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Malaysia Airlines sees small RASK rise in Q3
Malaysia Airlines disclosed that its RASK rose 2% year-on-year during the quarter ended 30 September, despite strong competition and adverse currency movements. The airline states that load factor during the quarter was steady at 77.5%, while passenger revenue increased by 3.5%. No figure for revenue was provided, nor were any other financial metrics included in its disclosure. Malaysia Airlines group CE Izham Ismail says the airline is seeing some progress on its turnaround plan, but still faces a number of challenges ahead. “Moving forward, we will be renewing focus on yield with clearer customer segmentation and improved revenue management practice. Revenue is improving but we need to step this up to address rising costs from fuel and forex volatility,” he adds. <br/>
