MAG posts RM54mil net profit in 2024 despite aircraft delivery setbacks

Malaysia Aviation Group Posts Profit Despite Capacity Cuts, Admits 2025 Will Be ‘Challenging’

KUALA LUMPUR: Malaysia Aviation Group – the parent company of Malaysia Airlines, Firefly and MASwings – has posted another year of profit and an ambitious plan to scale its fleet and increase non-airline revenue. The group posted its third successive operating profit in spite of maintenance and operational headaches. Last August, the group decided to […]

After a long restructuring phase, Malaysia Aviation Group will be able to make a profit for the second year in a row. Malaysia Airlines' mother, however, has to face a number of challenges that are not only due to the ageing fleet.

Malaysia Aviation Group reports USD 12.2 million net profit in 2024

Rate this post Despite flight disruptions, supply chain delays, and an 18 pc capacity cut in the final quarter, Malaysia Aviation Group (MAG) ended 2024 with a net profit of USD 12.2 million. The parent company of Malaysia Airlines recorded its third consecutive year of operating profit, signalling steady financial recovery in a challenging post-pandemic aviation environment. In a press statement, the Group says that its performance, underscored…

MAG posts RM54mil net profit in 2024 despite aircraft delivery setbacks

The group also recorded a RM113 million operating profit despite proactive network cuts in Q4 that reduced capacity by 18%.