KUALA LUMPUR — March 1, 2019: Malaysia Airlines had a challenging 2018 and finished the year on a marginally lower loss compared to the year before due to several factors, including crew shortages in the second half, but the company did not disclose the actual figure.
In a statement today, the airline said the year also saw intense competition, with supply outstripping demand, as well as volatility in fuel and foreign exchange which affected its profits.
Notwithstanding the challenging environment, encouraging improvements were seen in 2018 compared with the year before.
Revenue average seat per kilometre saw a marginal increase of 2.0 per cent year-on-year on the back of improved pricing segmentation, said the airline.
Total revenue registered a one per cent rise over the previous year’s performance while overall load factor was sustained at 78 per cent. — Bernama