MAS returns to profitability, highest load factor in 15 years in 3Q2010
Malaysia Airlines revenue up 15% - financial highlights for the three months ended 30-Sep-2010:
- Operating revenue: USD1060 million, +15.4% year-on-year;
- Passenger surcharges: USD120.1 million, +3.0%;
- Cargo fuel surcharge: USD39.6 million, +42.5%;
- Operating costs: USD1047 million, +8.5%;
- Fuel: USD341.2 million, +11.9%;
- Operating profit: USD39.2 million, compared to a loss of USD24.7 million in p-c-p;
- Profit before tax: USD75.4 million, compared to loss of USD95.0 million in p-c-p;
- Net profit: USD74.7 million, compared to a loss of USD95.5 million in p-c-p;
- Passenger traffic (RPKs): +7%;
- Capacity (ASKs): +4%;
- Passenger load factor: 78.6%, +1.9 ppt;
- Passenger yield: USD 7.67 cents, +7%;
- Passenger revenue per ASK: USD 6.04 cents, +10%;
- Cargo traffic (FTKs): +6%;
- Cargo capacity (ATKs): +13%;
- Cargo load factor: 76.1%, -4.2 ppts;
- Cargo yield: USD 26.10 cents, +26%;
- Cargo revenue per FTK: USD 18.75 cents, +19%;
- Total assets: USD3836 million, +40.5% when compared to period ended 31-Dec-2009;
- Cash and bank balances: USD677.6 million, -20.4% when compared to period ended 31-Dec-2009;
- Total liabilities: USD2785 million, +11.2% when compared to period ended 31-Dec-2009. [more]
*Based on the conversion rate at USD1 = MYR3.13
Malaysia Airlines: "Moving forward to 2011, we are positioning ourselves for profitable growth by taking delivery of new aircraft, identifying new growth areas and maximising revenues through aggressive sales & marketing. We are firmly on track with our 5 year (2008-2012) business transformation plan (BTP2) and remain confident in the long-term future of Malaysia Airlines" Sri Azmil Zahruddin, Managing Director and CEO. Source: Malaysia Airlines, 25-Nov-2010.
Malaysia Airlines: "MAS will continue to strengthen yields by focusing on gaining premium customers and putting in place aggressive sales programmes to increase corporate customers," Company statement. Source: Malaysia Airlines, 25-Nov-2010.