Malaysia Airlines Returns to Profit

Asia’s resumption of economic growth helps airline’s Q3 figures.

Malaysia Airlines reports today that it returned to profit in the third quarter of 2010, with a result that mirrors the economic recovery seen in most of the SE Asia region and around the world. The national carrier’s management say that the results now leave the airline free to expand its fleet and network in 2011. A net profit of the equivalent of €56 million was reported for the quarter.

That compares to a loss of €72 million for the same quarter in 2009 and a narrow loss in the second quarter of 2010. The airline said that it had achieved its highest passenger load factor in 15 years in the third quarter, reaching 78.6%. It carried 3.3 million passengers during those three months.

ABC