27-Aug-2011 12:56 AM
Malaysia Airlines' short-term outlook bleak despite new alliance with AirAsia
Analysis
Malaysia Airlines (MAS) reported a heavy loss in 2Q2011 (three months to 30-Jun-2011) as soaring costs, led by fuel, weighed on the result. The 2Q2011 loss is MAS' second-consecutive quarterly loss and the carrier expects to remain in the red for the rest of the year.
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