MASkargo records poor performance
26 / 05 / 2011
SOFTENING demand has hit MASkargo’s operations for the quarter. Cargo traffic fell 8.2 per cent on four per cent capacity growth, resulting in a 9.1 per cent decline in load factor to 68.5 per cent.
The company did however register a two per cent yield growth for the quarter.
Meanwhile, parent company Malaysia Airlines’ profits have been hindered by soaring fuel costs; a rise of 32 per cent – RM321 million (US$106 million) – from the same quarter of 2010. The airline’s operating loss came in at RM267 million ($88 million).