Malaysia Airlines Posts Its First Profit in Over a Decade
- Earnings helped by robust travel demand, increased networks
- Group wants to add 12 new aircraft to its fleet this year
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Malaysia Airlines reported its first annual profit in over a decade as strong demand and elevated airfares propel a rebound for the troubled airline.
The carrier’s parent, Malaysia Aviation Group, posted a 766 million ringgit ($163 million) profit, from a 344-million-ringgit loss a year earlier, it said in a statement on Thursday.