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Malaysia Air on Track With Profit, Mulls Fleet Expansion

  • Carrier done with job cuts; restructuring on track, says CEO
  • Malaysia Air is assisting with investigators on MH370 search
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Malaysia Airlines Is on Track With Restructuring: CEO

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Malaysia Airlines Bhd. is on track to return to profitability by 2018, helped by job cuts and route changes undertaken as the company reeled from two high-profile plane crashes in 2014, Chief Executive Officer Christoph Mueller said.

The airline’s restructuring effort is proceeding as planned and the company is finished laying off employees, Mueller said in an interview Monday with Bloomberg Television in Singapore. The carrier wants to buy and own some aircraft once its targets are met, as its existing fleet structure is skewed toward leased planes, he said.