KUALA LUMPUR: Malaysia Aviation Group (MAG) is in the black, posting its first-ever net profit after interest and tax of RM766 million for the financi...
From left: MAG group CFO Boo Hui Yee, Izham and group chief strategy and transformation Bryan Foong at the results briefing.
Moreover, he said the group recorded a positive operating profit of RM889 million, which is a 64% improvement from RM540 million in 2022. “In terms of capacity, the airlines business collectively achieved more than 89% across domestic and international routes, while Malaysia Airlines has reinstated 86% of pre-pandemic capacity as at end December 2023, with a targeted full recovery expected by the second quarter of 2024.
MAB Engineering Services Sdn Bhd continued to gain traction with its third party revenue now contributing 24% of its revenue.
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