Malaysia Airlines' Q4 Passenger Yield Rises To 23.6 Sen
March 02, 2018 18:59 PM
KUALA LUMPUR, March 2 (Bernama) -- Malaysia Airlines Bhd's passenger yield for the fourth quarter of financial year ended Dec 31, 2017 rose to 23.6 sen compared with 21.5 sen in the same quarter in 2016.
In a statement here today, the national carrier said, revenue per available seat kilometre (RASK) also showed healthy growth of two per cent year-on-year (y-o-y) to 22.1 sen from 21.6 sen.
Chief Executive Officer, Izham Ismail, said the airline was firmly anchored in the MAS Recovery Plan (MRP) and a concerted focus on yield in the second half of 2017 had seen an overall improvement in yield and RASK bucking the general downward trend of other regional players.
"Moving forward, we will continue to focus on and drive yield to cushion the group from rising fuel costs and foreign exchange volatility," he said.
Malaysia Airlines said overall passenger load factor during the quarter dipped to 77 per cent y-o-y from 81 per cent previously.
Domestic load factor declined to 70.5 per cent from 79.3 per cent and international load factor fell to 78 per cent from 81.2 per cent.
On its umrah and haj charter business, Project Amal, he said, it was on track to begin services this October as the group was in the midst of applying for the Airline Operator Certificate.
Meanwhile, the airline maintained its cautious outlook in the 2018 fiscal year as it anticipated that supply and capacity pressure would continue to put a stress on yields, albeit the effect was expected to be moderate.
Moving forward, the airline said, it would stress on revenue, refocus on delivering better and smarter products and services for customers while continuing to drive operational efficiency.
"Alongside this, Malaysia Airlines will be pushing forward on digital investment and innovations, where it has already invested strongly, to differentiate the airline from its competitors, producing more products and services designed for the business and value-focused leisure customers in mind," it said.