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24-Aug-2011 12:21 PM

Malaysia Airlines reports significant operating loss in 2Q2011

Malaysia Airlines revenue up 8.5%  – financial highlights:

  • Three months ended 30-Jun-2011:
    • Revenue: USD1175 million, +8.5% year-on-year;
      • MRO and ancillary: USD152.4 million, +7.1%;
    • Costs: USD1314 million, +11.4%;
      • Fuel: USD522.6 million, +41%;
    • Operating profit (loss): (USD139.2 million), compared to a loss of USD96.4 million in p-c-p;
    • Net profit (loss) after tax: (USD177.7 million), compared to a loss of USD180.4 million in p-c-p;
    • Passenger numbers:
    • Load factor: 75.5%, +1.5 ppt;
    • Passenger yield: USD 8.16 cents, +1%;
    • Passenger revenue per ASK: USD 6.14 cents, +3%;
  • Six months ended 30-Jun-2011:
    • Revenue: USD2252 million, +2.5%;
    • Costs: USD2481 million, +13.0%;
    • Operating profit (loss): (USD229.2 million), compared to a profit of USD1.3 million in p-c-p;
    • Net profit (loss): (USD259.3 million), compared to a loss of USD75.8 million in p-c-p;
    • Total assets: USD4193 million, stable when compared to period ended 31-Dec-2010;
    • Total liabilities: USD3251 million, +8.4% when compared to period ended 31-Dec-2010. [more]

*Based on the conversion rate at USD1 = MYR2.966

Malaysia Airlines: MAS' current forward booking profile indicates key challenges for the Europe, US and Japan regions, with normal forward booking trends for other major regional destinations,” Company statement. Source: Malaysia Airlines, 23-Aug-2011.

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