Malaysia Airlines bullish about future but faces rising competition, fuel prices

KUALA LUMPUR – Malaysia’s national airline is optimistic it has turned a corner after a string of annual losses dating back to 2011, with earnings from core operations turning positive last year.

Thanks to higher passenger yields and a jump in cargo revenue, the Malaysia Aviation Group (MAG), parent company of Malaysia Airlines, earned RM433 million (S$135m) before interest, taxes, depreciation and amortisation in 2021, compared to a loss of RM1.761 billion the previous year. This reduced net losses by 60 per cent from 2020’s RM4.1 billion.


This website uses cookies. By continuing to use this site, you accept our use of cookies.