Epic Research Singapore : Malaysia Airlines News Update

Shares of Malaysian Airline System (MAS) dived on Monday hitting a record low after a Boeing 777 operated by the airline went missing over the weekend.
After dropping almost 18 per cent at the open, shares of the national airline regained some ground to 22.5 sen per share at 0103 GMT.

MAS posted a net loss of 1.17 billion ringgit (US$359.12 million) in 2013 and could face damage to its reputation and a loss in bookings due to the missing airline, despite the carrier’s good safety record. 

MAS, which counts state investor Khazanah as one of its major shareholders, is Malaysia’s second largest airline by market value, trailing only budget carrier AirAsia.

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