Malaysia Airlines has revealed the business cost of the disappearance of flight MH370, reporting a 58 per cent widening in net losses and warning of an “urgent” need to boost revenue to ensure its survival.
It is more than two months since the Boeing 777 airliner disappeared on a routine flight from Kuala Lumpur to Beijing, with no trace of the aircraft having been found.
The airline reported a net loss of Rm443m ($137m) for the three months ended March 31, compared with a loss of Rm279m a year earlier. Its yield – revenue per passenger – fell 9 per cent.
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