After years of loss making, the national airline is soaring again. Malaysian Airline System Bhd (MAS) said its fourth quarter net profit beat expectations and could herald a record this year, a year ahead of schedule. It now aims to make as much as RM700 million in net profit in the year to Dec 31, 2007. This is 14 times higher than its RM50 million initial target.
MAS Managing Director Idris Jala said the stronger performance last year was driven by an increase in passenger revenue and significant cost reduction. For the period under review, the airline also improved its cash position to RM1.8 billion from RM1.5 billion last year."We are not out of the woods (yet). And yes, there is more to do.
I LIKE HIS SPIRIT. He did not blow his trumpet too early and is looking for more achievements. This is the way forward.
Idris yesterday confirmed a Business Times report that MAS was looking to making Penang its secondary hub to cater to the premium travel market. Welcome Mr Jala!
We await more good news from you.
MAS Managing Director Idris Jala said the stronger performance last year was driven by an increase in passenger revenue and significant cost reduction. For the period under review, the airline also improved its cash position to RM1.8 billion from RM1.5 billion last year."We are not out of the woods (yet). And yes, there is more to do.
I LIKE HIS SPIRIT. He did not blow his trumpet too early and is looking for more achievements. This is the way forward.
Idris yesterday confirmed a Business Times report that MAS was looking to making Penang its secondary hub to cater to the premium travel market. Welcome Mr Jala!
We await more good news from you.
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