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MALAYSIA AIRLINES BOOKS US$97.4 MLN NET LOSS IN Q2.
KUALA LUMPUR, Dec 1 Asia Pulse - Malaysian Airline System (MAS) (KLSE:3786) has booked a net loss of RM367.7 million (US$97.4 million) for its second quarter to 30 September 2005 largely due to continuing high fuel prices.
During the quarter, fuel costs of the national flag carrier surged 45 per cent to RM1.2 billion from RM799 million for the same quarter last year.
Other contributing factors for the heavy loss included staff cost, handling and landing fees, aircraft and maintenance and overhaul charges and WAU charges and leases.
With the loss of RM280.7 million reported for the first quarter, the net loss for the first half is RM648.4 million, MAS chairman Dato Dr. Mohamed Munir Abdul Majid said in statement on Wednesday.
Total revenue increased by 9.4 per cent on-year to RM3.0 billion in the second quarter, driven by the 11.7 per cent increase in international passenger traffic.
International passenger revenues ...
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