Analysis of information sources in references of the Wikipedia article "Sejarah Penerbangan Malaysia" in Malay language version.
Malaysia Aviation Group (MAG) has reported a significant financial turnaround with a full-year operating profit of MYR556m (US$125m).
Analysts said it may take a government rescue to save the company from financial disaster.
Much of the costs associated by MH370 will be covered by insurance.
MAG achieved record net profit after interest and tax of RM1.146bil in Q422. For full year 2022, the Group recorded net operating profit of RM556mil, while net loss after interest and tax for the year reduced 79% to RM344mil from RM1.65bil a year ago. Cash balance stood at RM4.6bil at end 31 Dec 2022.
|last-author-amp= ignored (bantuan)Upcoming plans are for FY to operate three routes taking over from Malaysia Airlines (MAS), namely Kota Kinabalu-Sandakan, Kota Kinabalu-Tawau and Kota Kinabalu-Kuching.
Malaysia Aviation Group (MAG) is set to facilitate the Intra-Borneo services transfer from Malaysia Airlines to Firefly, effective this May 16, as a result of continued demand recoveries across all markets, The group, in a press statement, said Firefly would facilitate one-time daily return flights using the Boeing 737-800 between Kota Kinabalu (BKI) and Sandakan (SDK), Tawau (TWU), and Kuching (KCH), as well as a daily return service between Kuching (KCH) and Miri (MYY).
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