Malaysia Airlines reports RM527 million net loss for second quarter 2011

Malaysia Airlines’ Group posted a net loss of RM527 million for the second quarter 2011, impacted by higher fuel costs that offset yield and Revenue Available Seat Kilometer, higher than the same quarter for 2010. The Group’s total revenues for 2Q2011 increased to RM 3.485 billion, 8% more than 2Q2010 (RM3.213 billion), while passenger revenue registered a 9% growth of RM2.086 billion, compared to RM1.912 billion for 2Q2010.