Johnson Ooi

For more information, members of the media can contact: Tan Wai Fong Tel: 03-7840 4504 / Mobile: 017 338 9075 / Email: tanwf@mas.com.my Why you need Huge pinch of salt???

MALAYSIA AIRLINES’ FIRST 3 MONTHS PROFIT BEATS 2007 FULL YEAR TARGET (POSTS RM133 MILLION PROFIT IN Q107, EXCEEDS FULL YEAR TARGET BY RM83 MILLION) Kuala Lumpur (28 May 2007): National carrier, Malaysia Airlines today announced a net profit of RM133 million for the first quarter ended 31 March, beating its 2007 full year target of RM50 million by RM83 million. This stellar performance, marked the swing from loss-making to profits, as Malaysia Airlines improved its performance by RM454 million. It made RM133 million net profit in Q107, from a loss of RM321 million a year ago, as a result of its Business Turnaround Plan (BTP) initiatives. Operating profit accounted for RM129 million (before finance costs and exceptional items), the airline’s third successive operational profit and highest since the BTP was announced in February 2006. Quarterly revenue rose 21% to RM3.6 billion from RM3 billion previously, driven by a 21% increase in passenger revenue. Malaysia Airlines Managing Director/ Chief Executive Officer, Mr Idris Jala said, “We had a really good quarter. In just the first three months of this year, we made RM133 million, and managed to beat our 2007 full year profit target by RM83 million. “Making an operating profit of RM129 million in quarter one which is a seasonally lean period for the airline industry clearly shows that our focus on key business activities to deliver big results fast is paying off. We have rolled out new competitive and dynamic fares, opened storefronts by publishing new fare markets and put in tighter inventory controls. We are now aiming to hit our stretch profit target of RM300 to RM700 million for the year.” The national carrier also improved its cash position to around RM1.8 billion from RM1.6 billion in December 2006. The airline had partially repaid some of its short term debt borrowings and the increase in cash is attributable to a strong cash position generated from operations. Mr Jala, however, said that, “We must be relentless in implementing the BTP as there is still a long way to go. As competition intensifies, we have to work harder to increase revenue, reduce cost and further improve the level of our service delivery. This is especially critical as the second quarter is typically a lean time for the industry and consequently, it has traditionally been the airlines’ worst financial period.” Q107 vs. Q106 (January-March) Q107 incorporated the second full quarter of the domestic business’ P&L since the domestic rationalization on 1 August 2006. The domestic business made an operating profit (before finance costs and exceptional items) of RM22 million during the quarter. Passenger revenue was up 21% to RM2,593 million from RM2,137 million in Q106. The upward trend was reflected in a 15% increase in yield (a measure of average fares per passenger per kilometer flown) to 26.1 sen/ Revenue Passenger Kilometer (RPK) compared to 22.6 sen/ RPK. Revenue per Available Seat Kilometer (a measure of revenue per kilometer) grew 19% to 18.5 sen/ ASK from 15.5 sen/ ASK while seat factor was up 2 p.p.t. For the first time, both yield and seat factor increased concurrently since the BTP was launched at 15% and 2 p.p.t. respectively. This demonstrates the success of the airline’s new competitive and dynamic fares which has attracted more customers. As expected, cargo revenue was down by 4% to RM534 million from RM556 million due to reduction in belly space as a result of the airline’s route rationalization in line with the BTP. Outlook Malaysia Airlines will continue to focus on improving its yield, network efficiency and savings. Its 2007 key business priorities to improve service delivery, to enhance revenue and productivity, to implement its Passenger Services System and structural cost reductions are on track. Its B737-400 aircraft replacement plans are progressing well with proposals received from aircraft manufacturers, Boeing, Airbus and Bombardier. This is in line with Malaysia Airlines’ overall aircraft revamp exercise as it moves towards owning at least 30% of the fleet which will be used to serve its core routes in the Asia-Pacific area. Issued by: Media Relations, Communications Division Malaysia Airlines, Subang

Guys, any photo about transaero????

So, we got Air Asia Malaysia, Thai Air Asia, Indonesia Air Asia...any other XXX Air Asia? May be Australia Air Asia....

They appeared to be Honet.....There must be USS Aircraft Carrier somewhere in Indian Ocean or Pacific Ocean.....

How about Kota Kinabalu and Kuching?

I went to mas website recently and noticed that the slogan ' going beyond expectations' was no longer appeared under the mas logo.....can anybody who is expert or from mas clarify this? thanks

use the money to help those flood victims in Perlis, Kedah, Perak, Kelantan and Terenganu la

hehe...thanks and thanks for the list too

that means that if i buy a ticket from MH but i would offer a seat in asiana if the MH seats are full. Am i rite?

hmmm..what i know is destination of Asiana in KLIA is a codeshare operation.... i am not that understand the meaning of codeshare. can anyone tell me?

but seem that the list is not updated le...just wondering

hey specialists in MalaysiaWings forum, did anyone has the list of airlines that serving KLIA?? thanks