Malaysia airline annual report had been published, and it does not look good.
MAS suffers a loss of RM375.4 million, which is a shocker, considering MAS has some of the lower price among airlines.
Despite an increasing number of passengers, losses are still made due to the challenge in the market, and MAS is considered one of the worse airline available due to the not-so-friendly service.
Another big contribution of the loss, is due to exchange rate. Malaysia Ringgit are always weak, and with inflation and foreign currencies getting stronger, MAS took a huge impact.
The management claims themselves they were not as effiecent as usual, and will try to improve it. However with the new A380 airbus and increasing seats and passengers, MAS will slowly come back, but MAS has many competitors, and one of them is the perhaps cheap AirAsia, which is a lot cheaper than MAS, and both services are roughly the same. (airasia food is better according to me :) ). AirAsia gives the poorer people opportunity to fly, and thus AirAsia earns a lot more. You can say they somehow benefit from EOS.
http://www.thestar.com.my/Business/Business-News/2013/11/19/MAS-suffers-RM3754mil-Q3-loss-Aggressive-pricing-strategy-drives-up-cost-of-operating-expanding-flee/
MAS suffers a loss of RM375.4 million, which is a shocker, considering MAS has some of the lower price among airlines.
Despite an increasing number of passengers, losses are still made due to the challenge in the market, and MAS is considered one of the worse airline available due to the not-so-friendly service.
Another big contribution of the loss, is due to exchange rate. Malaysia Ringgit are always weak, and with inflation and foreign currencies getting stronger, MAS took a huge impact.
The management claims themselves they were not as effiecent as usual, and will try to improve it. However with the new A380 airbus and increasing seats and passengers, MAS will slowly come back, but MAS has many competitors, and one of them is the perhaps cheap AirAsia, which is a lot cheaper than MAS, and both services are roughly the same. (airasia food is better according to me :) ). AirAsia gives the poorer people opportunity to fly, and thus AirAsia earns a lot more. You can say they somehow benefit from EOS.
http://www.thestar.com.my/Business/Business-News/2013/11/19/MAS-suffers-RM3754mil-Q3-loss-Aggressive-pricing-strategy-drives-up-cost-of-operating-expanding-flee/