Malaysian Airline System Bhd Appoints Mohammed Shazalli Bin Ramly as Non Independent & Non Executive Director, Effective January 1, 2015
Dec 18 14
Malaysian Airline System Bhd announced the appointment of Mohammed Shazalli bin Ramly as Non Independent & Non Executive Director, effective January 1, 2015. From 2005 - Present, he is Chief Executive Officer and Director of Celcom Axiata Berhad.
Malaysia Airlines Enters into Code-Sharing Deal with Jet Airways for Domestic Routes
Dec 12 14
Malaysia Airlines (MAS) has initiated talks to enter into a code-sharing deal with Jet Airways for domestic routes, especially in secondary cities. The bilateral air service agreement between India and Malaysia allows the designated airlines from both countries to operate 20,670 seats per week across various cities.
Malaysian Airline System Berhad Appoints Christoph Mueller as Non-Executive Director, Effective from 1 January, 2015
Dec 9 14
Khazanah Nasional has appointed Christoph Mueller as non-executive director of Malaysian Airline System Berhad, with effect from January 1, 2015. Mueller's existing contract as CEO of Aer Lingus expires on May 1, 2015.
Malaysian Airline System Bhd Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014 and Operating Results for the Third Quarter Ended September 2014
Nov 28 14
Malaysian Airline System Bhd reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenue of MYR 3,325,389,000 compared to MYR 3,791,064,000 a year ago. LBITDA was MYR 169,547,000 compared to EBITDA of MYR 62,255,000 a year ago. Loss before taxation was MYR 571,605,000 compared to MYR 370,508,000 a year ago. Loss attributable to equity holders of the company was MYR 575,611,000 compared to MYR 373,238,000 a year ago. Basic and diluted earnings per share were 3.45 sen compared to 2.25 sen a year ago.
For the year to date, the company reported operating revenue of MYR 10,193,812,000 compared to MYR 10,774,352,000 a year ago. LBITDA was MYR 303,637,000 compared to MYR 320,285,000 a year ago. Loss before taxation was MYR 1,313,372,000 compared to MYR 814,852,000 a year ago. Loss attributable to equity holders of the company was MYR 1,323,715,000 compared to MYR 827,015,000 a year ago. Basic and diluted loss per share was 7.94 sen compared to 6.67 sen a year ago. Net cash used in operating activities were MYR 1,299,087,000 compared to net cash generated from operating activities of MYR 564,342,000 a year ago. Purchase of aircraft, property, plant and equipment was MYR 1,488,226,000 compared to MYR 3,253,555,000 a year ago. Purchase of intangible assets was MYR 41,199,000 compared to MYR 37,874,000 a year ago.
For the quarter, the company announced that double impact of MH370 and MH17 incidents and the continued intensified competition resulted in lower seat factor (proportion of available seats being filled) by 11.5 percentage points to 73%.