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MALAYSIA AVIATION GROUP ACHIEVES POSITIVE NIAT OF RM54MIL AND THIRD CONSECUTIVE OPERATING PROFIT ON THE BACK OF OPERATIONAL HEADWINDS
Malaysia Aviation Group reports a positive Net Profit After Interest and Tax (NIAT) of RM54 million for the year 2024, marking a third consecutive year of positive operating profit at RM113million.This performance is further underscored by a robust Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of RM788 million, achieved despite operational headwinds, including proactive network cuts in Q4 2024, which reduced capacity by 18 per cent.
Leanne Barton
Apr 176 min read
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