Friday July 21, 2006

Malaysia Airlines announces further route cuts

channelnewsasia.com :

Malaysia Airlines announced further cuts to its routes, dropping some flights to China, Indonesia and Japan as part of cost-saving measures aimed at reversing its flagging fortunes. The changes are part of a three-year plan to revive the carrier's fortunes after it posted a 1.3 billion ringgit ($354 million) loss for the 2005 financial year.

Malaysia Airlines announced the beginning of its "route rationalisation plan" which involves cutting certain domestic destinations and long-haul international routes in March, which included the axing of flights to cities in India, China and Europe.

- Earlier, Air New Zealand also made route cuts, citing high fuel prices. At this rate, the world will be "getting bigger", not smaller.

See also :

1. Malaysia Airlines to sell headquarters to raise funds
2. Malaysia Airlines reports 1Q2006 net loss of US$88.34m
3. Malaysia Airlines to chop 6000 under MYR 600m scheme

(2006-07-21 17:46:26 SGT) [Biz] Permalink

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