Malaysia Airlines reports operating profit in 3Q2012, remainder of 2012 to remain challenging

Malaysia Airlines operating revenue down 4.1% - financial highlights for the three months ended Sep-2012:

• Operating revenue*: MYR3342 million (USD1074.5 million), -4.1% year-on-year;
• Operating costs: MYR3470.4 million (USD1115.8 million), -7.4%;
• Profit/loss from operations: MYR4.0 million (USD1.3 million), compared to a loss of MYR191.8 million (USD61.7 million) in p-c-p;
• Net profit/loss: MYR37.1 million (USD11.9 million), compared to a loss of MYR477.6 million (USD153.6 million) in p-c-p. [more - original PR]

*Based on the average conversion rate at USD1 =MYR3.1103

Malaysia Airlines: "Malaysia Airlines expects the remainder of 2012 to remain challenging. Fuel prices continue to remain high, competition as a result of excess fleet capacity remains, and there is still economic uncertainty in the Eurozone, US and China markets. The Group has not provided any profit forecast or profit guarantee in respect of the financial year ended 30 September 2012." Source: Company statement, 27-Nov-2012.