Malaysia Airlines Reports Second Quarter Loss

Malaysia Airlines released its second quarter results for the period ending September 2005, reporting a net loss of RM367.7 million. With the loss of RM280.7 million reported for the first quarter, the net loss for the six months is RM648.4 million.

The second quarter loss was primarily attributable to continuing high fuel prices. Fuel costs rose by 45% to RM1.2 billion, a significant rise from RM799 million for the second quarter of 2004. Other contributing factors included staff cost, handling and landing fees, aircraft and maintenance and overhaul charges and WAU charges and leases.

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