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Malaysia Airlines reports 93% drop in profits to RM54 million in 2024, facing ongoing challenges.
Malaysia Aviation Group, parent company of Malaysia Airlines, reported a significant drop in 2024 profits to RM54 million, down 93% from the previous year.
This decline is attributed to reduced airfares, capacity cuts due to supply chain and maintenance issues, and lingering effects from past disasters.
Despite challenges, premium passenger traffic remained strong.
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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Malaysia Airlines informa una caída del 93% en las ganancias a RM54 millones en 2024, enfrentándose a desafíos en curso.