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Malaysia Airlines posts Q2 net loss of $121.8 million, warns of poor earnings outlook

Published on Aug 28, 2014 8:25 PM
 
Malaysia Airlines (MAS) on Thursday, Aug 28, 2014, reported that its second-quarter net loss grew to RM307.04 million (S$121.8 million) and warned of poor second-half earnings, as passenger bookings tumbled in response to the loss of two aircraft in separate disasters this year. -- PHOTO: REUTERS

KUALA LUMPUR (Reuters) - Malaysia Airlines (MAS) on Thursday reported another financial loss and warned of poor second-half earnings, as passenger bookings tumbled in response to the loss of two aircraft in separate disasters this year.

In a statement to the stock exchange, Malaysian Airline System Bhd said its second-quarter net loss grew to RM307.04 million (S$121.8 million) from a net loss of RM175.9 million in the same period a year earlier.

The result was an improvement from the net loss of RM443 million it reported in the first quarter.

The April-June earnings are the first to fully reflect the impact on sales of the unexplained disappearance of flight MH370 in March.

 
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