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Malaysia Airlines, negative annual closing and bad previsions
Kuala Lumpur, Malaysia - The company blames fuel costs and stiff competition
For the next months, the Asian carrier is going to invest huge sums on engineering equipment, simulators and IT systems. Nevertheless, on May, Malaysia Airlines Chief Financial Officer, Mr Low Chee Teng, blamed high fuel costs and stiff competition for the heavy drop (63%) in fourth quarter profit. Such negative results, even if less dramatic, are common to all Asian carriers especially from the tragedy...
AVIONEWS - World Aeronautical Press Agency - 121599
AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency