Malaysia Airlines’ 2Q2009 revenue down 31.8%

Malaysia Airlines' 2Q2009 revenue down 31.8% - financial highlights:

• Three months ended 30-Jun-2009:
  • Operating revenue: USD714.4 million, -31.8% year-on-year;
  • Operating costs: USD855.6 million, -19.6%;
  • Operating profit (loss): (USD120.3 million), compared to a profit of USD17.8 million in the previous corresponding period;
  • Profit before tax: USD256.9 million, 1,371%;
  • Net profit: USD250.9 million, 2,090%;
• Six months ended 30-Jun-2009:
  • Operating revenue: USD1,489 million, -29.0%;
  • Operating costs: USD1,680 million, -20.0%;
  • Operating profit (loss): (USD160.1 million), compared to a loss of USD55.9 million in the previous corresponding period;
  • Profit before tax: USD54.5 million, -2.5%;
  • Net profit: USD51.6 million, +12.5%;
• *Based on the conversion rate at USD1 = MYR3.49. [more - Perspective]

Malaysia Airlines: "The outlook for the third quarter 2009 is expected to remain soft. While there are some signs of improving economic climate, the airline industry is still faced with weak demand and downward pressure on yields. The operating environment remains volatile with the H1N1 "pandemic" impacting travellers' confidence," Company statement. Source: Malaysia Airlines, 06-Aug-2009.