Malaysia Airlines plans to reinstate most capacity taken away during the GFC
Malaysia Airlines plans to reinstate most of its capacity removed during the global financial crisis over the next few months, as demand returns (The Star Online, 26-Mar-2010). MAS plans to increase capacity on Kuala Lumpur-Auckland and Kuala Lumpur-Perth services to five and ten times weekly, respectively, by the end of Mar-2010. The carrier is also currently reviewing its route network as it takes delivery of three new aircraft this year and is considering services to India, the Middle East and the Asean. Forward bookings for 2Q2010 have grown year-on-year, with loads of 70%, despite the quarter being traditionally slow. MAS is now targeting load factors of 70-75% by the end of the year.
Malaysia Airlines: “Our forward bookings are definitely doing better than last year. The Q2 is seasonally the weakest and we carried about 62% load last year,’’ Bernard Francis, Senior General Manager (Sales). Source: The Star Online, 26-Mar-2010.