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flag Malaysia Airlines reports 93% drop in profits to RM54 million in 2024, facing ongoing challenges.

flag Malaysia Aviation Group, parent company of Malaysia Airlines, reported a significant drop in 2024 profits to RM54 million, down 93% from the previous year. flag This decline is attributed to reduced airfares, capacity cuts due to supply chain and maintenance issues, and lingering effects from past disasters. flag Despite challenges, premium passenger traffic remained strong. flag MAG plans to expand its fleet with new Boeing and Airbus aircraft by 2030, indicating ongoing efforts to recover and modernize.

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