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Missing Plane Adds to CEO’s Woes as Malaysian Air Losses Mount

Malaysian Airline System Bhd. Chief Executive Officer Ahmad Jauhari Yahya was hired less than three years ago to steer the carrier into profitability. His mission has gotten harder as the national carrier hunts for a lost plane carrying 239 people.

The 59-year-old power industry veteran has presided over a 63 percent slump in the stock since joining the state-controlled airline in September 2011, battered by unviable routes and competition from low-cost carriers including AirAsia Bhd. The airline lost a total 4.13 billion ringgit ($1.3 billion) over its past three financial years.