Malaysia Aviation Group (MAG) has reported a net profit after tax of RM54 million for the monetary 12 months 2024, securing its third consecutive 12 months of optimistic working outcomes. The group achieved an operating profit of RM113 million and an EBITDA of RM788 million, regardless of contending with world provide chain disruptions that pressured capability reductions throughout the historically robust fourth quarter.
The airline group maintained a money steadiness of RM3 billion as of December 31, 2024, with no new capital injections from its shareholder, Khazanah Nasional Berhad, since 2021. Passenger load issue for the 12 months averaged 80per cent, up three share factors from 2023, whereas general passenger numbers grew to 16.6 million.
Malaysia Airlines, the group’s flagship service, posted an working revenue of RM139 million, considerably decrease than the earlier 12 months’s RM1.09 billion, largely because of yield pressures and the influence of community cuts. The airline added new routes together with Male, Da Nang and Chiang Mai, whereas resuming providers to Kolkata.
Non-airline companies additionally posted improved efficiency. MAB Kargo recorded larger earnings pushed by elevated cargo capability and demand, whereas ground-handling division AeroDarat noticed a threefold rise in working revenue because of a surge in flight dealing with.
Datuk Captain Izham Ismail, Group Managing Director of MAG, mentioned the outcomes replicate resilience regardless of headwinds: “We stay centered on long-term sustainability, fleet modernisation, and enhancing connectivity. These efforts align with our imaginative and prescient of Vacation spot 2030 and Malaysia’s broader financial development.”
MAG plans to progressively introduce new Boeing 737 and A330neo plane into its fleet whereas increasing its European presence, together with the return of direct flights to Paris this 12 months.
