KUALA LUMPUR: Malaysia Airlines has reported an increase in revenue of 12 percent in the second quarter 2016, the company said.
The company said the load factor was 79.3 percent, a 5.3 percent increase over 74 percent in the previous corresponding quarter. Net operating loss was reduced by 7.0 percent in the second quarter.
The company realized a 14 percent increase in market share in its Kuala Lumpur-London route, growing from 45 percent to 59 percent in the second quarter.
Malaysia Air said it anticipates dominant features in 2017 will be a weak Malaysian Ringgit, Brexit uncertainty and overcapacity in the Malaysian market. The company also forecasts that unit costs will fall by a further 3 percent in 2017, and that it will transport over 15 million passengers.
Malaysia Airlines Berhad formerly known as Malaysian Airline System Berhad; is a major airline operating flights from Kuala Lumpur International Airport and from secondary hubs in Kota Kinabalu and Kuching to destinations throughout Asia, Oceania and Europe.
