Malaysia Air fights to survive
Tuesday 03 June 2014
Malaysia Airlines is stepping up efforts to cut costs to survive, after the mysterious disappearance of its flight MH370 which has resulted in the biggest crisis in its 40-year history, a senior executive said on Monday.
The Boeing 777-200, carrying 239 passengers and crew, vanished from radar screens on 8 March shortly after taking off from Kuala Lumpur bound for Beijing.
Before the disaster management had hoped to break even in 2014 after three years of losses but last month it posted a record quarterly loss of 443.4m ringgit ($138m) for the three months ended 31 March.
The second quarter this year is “a challenge” but the management wants to implement measures that, if successful, could enable the airline to break even in 2015, Hugh Dunleavy, the carrier’s director of commercial operations, told Reuters at the annual meeting of the International Air Transport Association (IATA) in Doha, Qatar.
“I don’t think there will be any sacred cows,” said Mr Dunleavy. “Every part of the airline will have to be looked at very carefully.” He declined to comment on suggestions that the airline could be taken private or that it might sell off its engineering business. But he added that “legacy costs” that have been in place for “the last 10 to 20 years” could be cut.
- 1 BBC told new political editor must be 'impartial' with Nick Robinson reportedly stepping down
- 2 Humans of New York image of crying gay teen receives best response yet from Ellen DeGeneres
- 3 Number of young homeless people in Britain is 'more than three times the official figures'
- 4 Motorists taunt suicidal woman on bridge and tell her to 'get on with it'
- 5 The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
BBC told new political editor must be 'impartial' with Nick Robinson reportedly stepping down
Isis propaganda video shows 25 Syrian soldiers executed by teenage militants in Palmyra
Humans of New York image of crying gay teen receives best response yet from Ellen DeGeneres
Number of young homeless people in Britain is 'more than three times the official figures'
The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...