Malaysia Airlines released (22-Apr-2013) its 2012 annual report outlining its operations, corporate responsibility and sustainability, and milestones for 2012. Group CEO Ahmad Jauhari Yahya stated the carrier expects to "attain operational profitability by the end of 2014" as part of a three year business plan to turn the carrier around. According to the Group CEO, Malaysia has "completed one year of this journey, and the result has been to finally achieve profitability in Quarter 3 of 2012, after 6 consecutive Quarters of loss. We made a larger operating profit in Quarter 4, 2012, and managed to reduce the full year financial loss substantially to MYR430.74 million (USD141 million)." Malaysia's chairman Tan Sri Md Nor Yusof stated the carrier is "still not out of the woods" with Malaysia facing "twin challenges in firstly, to return the Group to recovery and a sustainable future, and secondly, to restore strength in our balance sheet to support and sponsor future growth". [more - original PR]
Malaysia Airlines chairman: the carrier is 'still not out of the woods'
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Southeast Asia Fleet Outlook:
Southeast Asia, along with the Middle East, are the only two regions with as nearly as many aircraft on order as in the active fleet. Southeast Asian airlines currently have nearly 1700 aircraft on order compared to an active fleet of approximately 1800 aircraft.
Malaysia’s AirAsia: resuming domestic expansion and eyeing MASwings routes
AirAsia is resuming domestic expansion in the Malaysian market with a focus on connecting more dots within its network of 15 domestic destinations. The LCC is launching or resuming three domestic routes from Johor Bahru in late Apr-2017 and has lodged applications for four more new domestic point-to-point routes.
By the end of 2017 AirAsia is also aiming to take over a few domestic routes within east Malaysia that are now exclusively operated by the Malaysia Airlines Group turboprop subsidiary MASwings. The routes are part of the Malaysian government’s subsidised rural air services (RAS) programme, but are potentially big enough to support larger aircraft on a commercial basis. The Malaysia Airlines Group is preparing to reduce its ATR 72 turboprop fleet further following anticipated changes to the RAS programme, which is coming up for renewal this year.
AirAsia is the leading domestic airline in Malaysia and has 50% of its total seat capacity allocated to the domestic market. However, AirAsia’s domestic capacity has been flat the last three years as it has focused entirely on international expansion.