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%;
- Revenue: USD1175 million, +8.5% year-on-year;
- 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.