Johan Z 0 Report post Posted February 18, 2014 PETALING JAYA: Malaysia Airlines (MAS) has been forecast to post a core net loss of RM1.01bil for the financial year ended Dec 31, 2013 (FY13) while AirAsia Bhd is expected to post a core net profit of RM651mil for FY13. MAS is expected to announce its results today, with AirAsia on Feb 26 and AirAsia X Bhd (AAX) on Feb 25. Airport operator Malaysia Airports Holdings Bhd, meanwhile, announced its full-year financial results on Jan 27. Read more: http://www.thestar.com.my/Business/Business-News/2014/02/18/MAS-forecast-to-post-core-net-loss-of-RM101bil-for-FY13/ Share this post Link to post Share on other sites
safril90 0 Report post Posted February 18, 2014 I don't think that MH will acquire any new aircraft real soon with this financial report. Sigh... Share this post Link to post Share on other sites
Josh T 0 Report post Posted February 18, 2014 Yikes! I thought things were meant to be improving!! That catering contract needs to go. Freeloading from gomen also needs to stop! Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted February 18, 2014 lalallala......just another day walk in the park for MH......time to dig into EPF $$ again~~~~ Share this post Link to post Share on other sites
Mushrif A 3 Report post Posted February 18, 2014 ALready announced to the market.. Â 4Q net loss of RM341m. Â FY2013 net loss of RM1.173 BILLION!!! Â MEGABUCKS! Share this post Link to post Share on other sites
Johan Z 0 Report post Posted February 18, 2014 Seriously I don't know what to say Very sad MH is going down really fast. Share this post Link to post Share on other sites
Azri 0 Report post Posted February 18, 2014 Their planes are flying full most of the time and to have that BILLION ringgit loss is beyond me. Share this post Link to post Share on other sites
Isaac 0 Report post Posted February 18, 2014 Their planes are flying full most of the time and to have that BILLION ringgit loss is beyond me. Because yield sucks. And with Brahim Catering charging MAS RM20 for that pathetic nasi lemak, it is very hard for MAS to turn a profit. Share this post Link to post Share on other sites
kandiah k 0 Report post Posted February 18, 2014 Because yield sucks. And with Brahim Catering charging MAS RM20 for that pathetic nasi lemak, it is very hard for MAS to turn a profit. Â Oh not forgetting the lack of cucumber and other condiments in their Nasi Lemak Share this post Link to post Share on other sites
J. Suri 0 Report post Posted February 18, 2014 I smells Swissair 'past'.....should it happens to MH? Share this post Link to post Share on other sites
BC Tam 2 Report post Posted February 18, 2014 FY2013 net loss of RM1.173 BILLION!!!For those like yours truly, being unable to grasp big numbers, it's RM3.2 million everyday, RM133,904 per hour, RM2,232 per minute Now, how much is the BR1M being handed out nowadays ? Share this post Link to post Share on other sites
Cheng Long 0 Report post Posted February 18, 2014 Despite being in Oneworld, they still made a loss.. Â Don't see things improving any time soon.. The management seems to be out of ideas.. No political will (both gov and opposition) to make things better also.. Share this post Link to post Share on other sites
suadrif 0 Report post Posted February 18, 2014 Another loss...I thought they were raking profits after the introduction of the A380 and the membership in oneworld...Another EPF money "well spend"... Share this post Link to post Share on other sites
Cheng Long 0 Report post Posted February 18, 2014 For my curiosity, how much did EPF invest in MH? Share this post Link to post Share on other sites
Mushrif A 3 Report post Posted February 18, 2014 For my curiosity, how much did EPF invest in MH? Â SHould also ask Amanahraya, PNB, Khazanah, etc...any other Government agencies? Share this post Link to post Share on other sites
nrazmoor 0 Report post Posted February 18, 2014 wondering how on earth will they be profitable by year end as per their business plan Share this post Link to post Share on other sites
S V Choong 4 Report post Posted February 19, 2014 (edited) I don't have any faith in an airline that lacks consistency - 4 different liveries applied across the board. Seems something is wrong with the management board. Â A state run airline under the 'capable' hands and social contract with the infamous Malaysian government, will not make the airline a profitable one. They always have things to blame, but they will never expose the truth of what really screwed them over and over again. Edited February 19, 2014 by S V Choong Share this post Link to post Share on other sites
Dr Chuo Hock Tieng 0 Report post Posted February 19, 2014 many factor need to be consider, one particular point i notice clearly in MAS flight was poor utilization of aircraft. Some only operate 4 short haul sector per day, some 6 most 7, u can try check this in FR24, just click on the aircraft rego and it shows you previous leg, on the other hand, AK a/c really work like hell... 8-10 sector from 6 am to 12pm...daily Share this post Link to post Share on other sites
Naim 6 Report post Posted February 19, 2014 20 friggin' sen? Wow! Â RT @edgemy: RHB Research downgrades MAS to Sell, fair value 20 sen http://www.theedgemalaysia.com/business-news/275998-rhb-research-downgrades-mas-to-sell-fair-value-20-sen-.html#.UwP_QRvHdBg.twitter Share this post Link to post Share on other sites
Naim 6 Report post Posted February 19, 2014 --- Â RT @tonyfernandes: Airasia all stars. Take a bow. Malaysian airlines lost over a billion. Malaysia airport delay terminal by 3 years. Yet still great results Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted February 19, 2014 One word: hopeless. Share this post Link to post Share on other sites
flee 5 Report post Posted February 19, 2014 MAS' 2013 loss deepens to RM1.2b  PERSISTENT TURBULENCE: Forex and fuel cost form big chunk of national carrier’s net operating loss, says Dacko   MALAYSIA Airlines' (MAS) net loss widened to RM1.2 billion for full-year 2013 from RM432.6 million in 2012, due to higher depreciation and finance charges, coupled with unrealised foreign exchange (forex) loss and high jet fuel cost. MAS senior vice-president (head of marketing and products commercial) Dean Dacko said forex and fuel cost formed a big chunk of the national carrier's net operating loss. The airline swung to RM194 million forex loss last year compared with a RM190 million gain in 2012. Meanwhile, jet fuel accounted for 39 per cent of the group's expenditure, with the price remaining high throughout last year, averaging at US$128 (RM422.4) per barrel. Despite the loss, Dacko said MAS successfully carried more passengers with an overall load factor of more than 85 per cent by end-2013, which is no small achievement. More: http://www.btimes.com.my/Current_News/BTIMES/articles/LOSS/Article/index_html Bursa Malaysia Filing: http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/0D9A90716FDD68D348257C83003342A3/$File/Bursa%20Q4%202013%20(MAS).pdf CEO's comments: http://www.btimes.com.my/Current_News/BTIMES/articles/20140219003254/Article/index_html Share this post Link to post Share on other sites
Naim 6 Report post Posted February 19, 2014 RT @malaysiakini: AirAsia boss gloats over MAS losses http://dlvr.it/4ydB95 --- Tony praises AirAsia, slams MAS, MAHB over flag carriers RM1.17b loss | Money | The Malay Mail Online - http://www.themalaymailonline.com/money/article/tony-praises-airasia-slams-mas-mahb-over-flag-carriers-rm1.17b-loss Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted February 19, 2014 (edited) MH is leasing out one of their A330-200F to TK next year....overcapacity. Edited February 19, 2014 by JuliusWong Share this post Link to post Share on other sites
Najib Ramli 0 Report post Posted February 19, 2014 I just don't understand, what's contributing to the depreciation cost? is it because they're retiring so many planes? and what's with the huge FOREX loss... Share this post Link to post Share on other sites