Malaysian Airlines earnings set to show financial burden of loss of MH370
Malaysian Airlines will report first-quarter earnings later on Thursday that are set to provide confirmation of just how badly the already loss-making carrier's finances have been hit by the vanishing of flight MH370 on March 8.
The carrier known as MAS reported a net loss of 343 million Malaysian
ringgit (US$106 million) for the last quarter of 2013, squeezed between
AirAsia Bhd on short-haul routes, and Gulf carriers and AirAsia X in
the medium and long-haul market. The first-quarter numbers are expected
after the close of trading on the Malaysian stock exchange on Thursday.
Its worst quarter on record was in October-December 2011, when a series of one-off provisions related to jet deliveries and maintenance pushed it to a 1.28 billion ringgit net loss.
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Malaysian Airlines will report first-quarter earnings later on Thursday that are set to provide confirmation of just how badly the already loss-making carrier's finances have been hit by the vanishing of flight MH370 on March 8.
The carrier known as MAS reported a net loss of 343 million Malaysian
ringgit (US$106 million) for the last quarter of 2013, squeezed between
AirAsia Bhd on short-haul routes, and Gulf carriers and AirAsia X in
the medium and long-haul market. The first-quarter numbers are expected
after the close of trading on the Malaysian stock exchange on Thursday.Its worst quarter on record was in October-December 2011, when a series of one-off provisions related to jet deliveries and maintenance pushed it to a 1.28 billion ringgit net loss.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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