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MALAYSIA AIRLINES has recorded a profit for the first time in years, says CEO Christopher Mueller.
The carrier marked a positive monthly result for February and looks to be on track to experience strong revenue growth by 2018.
Mueller referred to the Malaysia Airlines as a ‘ship with many leaks’ but was optimistic that the growth will steer the airline back on its course.
Two aircraft disasters in 2014 – the disappearance of flight MH370, and the shooting down of MH17 – seriously tarnished the airline’s reputation. However, Mueller said its main problems include an unsustainable network of routes, high operating costs and archaic information technology systems.
Malaysian Prime Minister Datuk Seri Najib Razak said last week that various strategies executed under the MAS Recovery Plan (PPM) would help record an improved performance in two years’ time. Among the initiatives, he said, was the airline’s decision to stop offering flights for non-profitable routes.
Last month, Malaysia’s national carrier announced that the launch of new business class cabin seats on flights between Kuala Lumpur and Japan, Korea, China, India, Australia and New Zealand.
Paul Simmons, MAB chief commercial officer, said there is still room for improvement in terms of the airline’s product offerings, particularly for its business class on board.
Source: travelwireasia.com