Malaysia Aviation Group delivered strong financial results in 2024 despite major industry challenges. The Group earned RM54 million in net profit and RM788 million in EBITDA. It achieved this even after cutting capacity by 18% due to aircraft delivery delays and longer maintenance times.
Malaysia Aviation Group pushed forward with growth plans while boosting passenger numbers and adding routes. Premium traffic increased, helping the Group stay competitive. Revenue dropped slightly to RM13.679 billion, but strategic network improvements kept momentum strong.
Malaysia Airlines added new destinations and carried more passengers. However, its operating profit dropped after yields declined. Firefly launched jet operations, raising load factors but reducing yields. Amal by Malaysia Airlines improved its financial performance from last year.
Non-airline segments added strength to Malaysia Aviation Group’s results. The cargo division grew profits by increasing load factors. Ground services handled more flights and posted better earnings. Training services improved outcomes, while engineering faced staffing shortages.
Malaysia Aviation Group invested heavily in fleet upgrades. The new aircraft enhanced service on routes to Melbourne and Bali. More planes will arrive soon. These additions will raise efficiency and expand the Group’s regional reach.
Forward bookings grew by 9%, signaling rising demand. The Group plans to relaunch flights to Paris in 2025. It will also complete new facilities to support training, maintenance, and catering. These efforts will drive future expansion and create more jobs.
Malaysia Aviation Group continues to align business goals with national progress. It creates jobs, supports growth, and delivers strong service to customers and partners alike.
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