KUALA LUMPUR, Oct 19 — Malaysian Airline System expects to report a smaller operating loss in the third quarter, the New Straits Times reported today, citing the national carrier’s chief executive.
The airline reported an operating loss of RM420.8 million ringgit in April-June, hit by weak passenger demand and higher costs.
“Past trends show that the second quarter is (traditionally) the worst,” said CEO Tengku Azmil Zahruddin.
“So if the trend continues, we should see better results in the third quarter than in the second quarter,” he said.
Malaysia Airlines cut its capacity by 12 per cent and grounded three planes in the first half of this year, but Azmil said there are no plans to further cut capacity or routes.
The International Air Transport Association last week said Asian airlines are starting to sell more premium as well as economy seats, outperforming other regions where economic fears continue to weigh on travel — Rueters
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