• MALAYSIAN PREMIER TUN DR MAHATHIR MOHAMAD WITH ENDAU ANALYTICS
    Aviation

    Malaysia’s prescient prime minister

    Malaysia’s seventh prime minister Tun Dr Mahathir Mohamad is in the global spotlight this week as world leaders gather for the United Nations General Assembly in New York City. Read his full speech to the assembly here. It’s a somewhat surreal turn of events for the 93-year-old, having retired 15 years ago as one of Asia’s longest serving leaders. When Malaysians voted for a new government on May 9, Dr Mahathir was ushered in as the country’s new leader. In selling the “new Malaysia”, where corruption is not to be condoned, incompetence unacceptable and constructive criticism welcomed, Dr Mahathir is telling the world that Malaysians want a country that “will speak…

  • A MALAYSIA AIRLINES A350XWB TAKING OFF FROM TOULOUSE. PIC/AIRBUS
    Economics

    Massive losses at Malaysia Airlines, again

    Flag carrier Malaysia Airlines Berhad (MAB) has a special gift for Malaysians celebrating Malaysia Day on 16 September; and we’re not talking about this video it has just released. To all Malaysians out there… drum roll please… MAB lost a staggering MYR812 million (USD196 million) for the financial year 2017 (see below), adding to the MYR439 million and MYR1.13 billion losses in 2016 and 2015, respectively. Yes, Malaysians, that’s your money gone down the drain. Again. The airline – which received a MYR6 billion bailout from Khazanah Nasional in 2014 – has now accumulated total losses of nearly MYR2.4 billion in the last three years since it was delisted end-2014. It filed its 2017 financial statement only in August.…

  • A MALAYSIA AIRLINES B737-800 TAKING OFF FROM KLIA
    Aviation

    Solid revenue growth but many airlines are struggling

    Airlines globally saw strong revenue growth in July although this won’t last in the coming months, according to the latest Air Passenger Market Analysis report from the International Air Transport Association (IATA). Read the entire report here. Total revenue passenger kilometres (RPKs) for IATA’s member airlines rose 6.2% year-on-year (YoY) in July. But this was down from the 8.1% seen in June. Capacity rose 5.5% and load factors were up 0.6 percentage points for a record high of 85.2% in July. That said, IATA revealed global passenger demand was up just 5.3% YoY compared to 8.2% in June. For many Southeast Asia legacy airlines, there’s no reason to celebrate. Method to…