MALAYSIA Aviation Group Bhd (MAG), which narrowed its full-year net loss for 2021 by 60% over the preceding year, remains on track to achieve break-even in 2023 as part of its Long Term Business Plan 2021-2025 (LTBP 2.0). However, group CEO Captain Izham Ismail warns of headwinds from fuel and foreign exchange (forex) volatility, which could affect the target.
Malaysia Aviation Group Bhd, the parent company of Malaysia Airlines Bhd, said its business is on track to become profitable by 2023. "We are determined to be profitable by 2023. We also want our business to reach pre-pandemic levels by 2024 and 2025," said the group's chief sustainability officer, Philip See.
PETALING JAYA, April 13 Malaysia Aviation Group (MAG) is on track to return to profitability in 2023 and hit the pre-pandemic ticket sales level by as early as 2024. Chief sustainability officer Philip See said the projection was based on this year’s first quarter performance against the.
KUALA LUMPUR: Malaysia Aviation Group Bhd (MAG) is planning to increase its aircraft capacity by an additional 15% on top of the 20% of pre-Covid level projected for this month, in light of Malaysian borders reopening.
Malaysia Aviation Group Bhd is planning to increase its aircraft capacity by an additional 15% on top of the 20% of pre-Covid-19 level projected for this month, in light of Malaysian borders reopening.