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MAS posts profit despite challenging times

By Yvonne Tan

PETALING JAYA: Malaysia Airline System Bhd (MAS), despite the challenging times that has seen a number of airlines going bust, has posted a net profit of RM46 million for the quarter ended December 31, 2008 (Q4).

Profit was 81% lower than the same quarter in 2007 due to the challenging environment compounded by volatile oil prices and slowing demand.

Revenue came in at RM3.70 billion.

For the corresponding period, it had reported a net profit of RM241.92 million on the back of RM4.07 billion in revenue.

The company reported Thursday that Q4’s profit was the tenth quarter of profits for the airline after it instituted changes backed by dynamic pricing, managing costs and innovation.

Source : The Star

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Very good since airlines around the world are having losses. Keep it up MAS!
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