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Malaysia Airlines' revenue up 8.4% in 1Q2010, expects better year in 2010

18-May-2010 11:35 AM

Malaysia Airlines revenue up 8.4%– financial/traffic highlights for the three months ended 31-Mar-2010:

  • Total revenue: USD1,023 million*, +21.3% year-on-year;
    • Operating revenue: USD901.0 million, +8.4%;
  • Operating costs: USD932.9 million, +5.2%;
    • Fuel: USD312.8 million, +42%;
  • Operating profit: USD89.7 million, compared with a loss of USD43.7 million in the previous corresponding period;
  • Profit before tax: USD99.2 million, compared with a loss of USD219.7 million in the previous corresponding period;
  • Net profit: USD96.2 million, USD216.3 million in the previous corresponding period;
  • Passenger numbers: 3.1 million, +26.4%;
  • Passenger load factor: 74.8%, +18.7 ppts;
  • Cargo traffic (FTKs):
    • MASkargo: +31.3%;
  • Revenue per ASK: USD 5.39 cents, +5%;
  • Yield:
    • Cargo: USD 24.62 cents, +16.4%. [more]

*Based on the conversion rate at USD1 = MYR3.229

Malaysia Airlines: “Forward bookings are positive. We are working closely with the travel trade and pushing sales through our website to capitalise on the increase in demand.  We are seeing robust growth for our online bookings. We are well positioned to capitalise on the economic recovery. Barring the high fuel prices, we are optimistic of a better year in 2010,” Azmil Zahruddin, Managing Director and CEO. Source: Malaysia Airlines, 17-May-2010.