• Tuesday, April 23, 2019

Malaysia Airlines Is Burning $2 Million Every Day as Flights Go Empty

Discussion in 'China & Far East' started by senheiser, Aug 27, 2014.

  1. senheiser

    senheiser SENIOR MEMBER

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    Malaysia Airlines Is Burning $2 Million Every Day as Flights Go Empty

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    Malaysia Airlines is facing dire economic straits after being involved in the two worst air tragedies of the year. Based on some recent photos taken by its few remaining passengers, some flights are operating nearly empty.

    In March, Flight 370, scheduled to travel from from Kuala Lumpur to Beijing, disappeared with 12 crew and 227 passengers on board — which remains a mystery.

    Then, last month, tragedy struck again when Flight 17 was shot down while in Ukrainian airspace. All 283 passengers and 15 crew aboard were killed.

    Blame for the second tragedy cannot be placed squarely on Malaysia Airlines, as many major carriers routinely fly over conflict zones. But the loss of lives was inextricably linked to the airline by people around the world.

    The carrier, which was operating in the red for about five years before either of this year's tragedies, has continued operating despite the major damage to its reputation.The carrier, which was operating in the red for about five years before either of this year's tragedies, has continued operating despite the major damage to its reputation.


    "The southeast Asia air carrier burns its cash reserves at nearly $2.16 million each day," wrote Howard University professor Oliver McGee. "Operations are losing about $1.6 million a day."

    According to Australia's news.com.au, the airline has doubled the commission it offers to Australian travel agents, from 6% to 11%, for booking travelers on the carrier. It is also offering deep discounts compared to other carriers: A sample fare search on Malaysia Airlines showed a round trip flight between Kuala Lumpur and Beijing for $238, while a similar flight on other carriers was listed for more than $500.

    But these efforts have not been enough to prevent nearly empty flights.


    Earlier this month, Malaysia's state investment company Khazanah Nasional announced a complete overhaul of the tarnished carrier, announcing it would offer a buyout for the 31% of the airline stock it did not already own.

    Details of the overhaul have not been explicit, but a name change, rebranding and labor restructuring are possible. But even if extreme measures are taken, it is difficult to imagine how the airline can overcome the shadow cast by the disastrous MH370 and MH17.

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    Malaysia Airlines did not immediately respond to a request for comment.


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    haha no one trusts your BS western propaganda anymore, everyone knows the airlines is to be blamed and people vote with their wallet and not words. And its sure not russia whos seen as responsible by average people. Just another blow to the imperialists
     
  2. raihans

    raihans FULL MEMBER

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    Its really a dark part for Malaysia Airlines suffering with 2 tragedies of #MH370 & #MH17, and what a co-incidence that both airliners were Boeing, made in USA. Not only this but I consider it is a big challenge for Boeing & USA to locate #MH370 too.
     
  3. xyxmt

    xyxmt ELITE MEMBER

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    they should start direct flights from Toronto to Pakistan and give 50% off, they will see passenger willing to travel without even a seat given.
     
  4. Etilla

    Etilla BANNED

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    Start selling your planes.

    Use money for a rebranding/aggressive makeover strategy. (Name Change, ownership change, new colours, uniforms) a complete overhaul of the existing system and image.

    Not that Malaysian airlines is a poor airlines except for some perverted air crew but 2 major accidents are no fault of the airlines itself.

    Good Luck!!
     
  5. nair

    nair ELITE MEMBER

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    Safety is the most important aspect of an airliner, and 2 crashes in 3 months span is going to put lot of doubt on customers mind, It is true that both the cases the airliner cannot be blamed......

    May be as @Etilla suggested they should plan a brand revamping to bring back the confidence of the customer...
     
  6. raihans

    raihans FULL MEMBER

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    we cannot say that #MH370 crashed unless debris is found
     
  7. Abu Zolfiqar

    Abu Zolfiqar Rest in Peace

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    its an image problem.....the second incident wasnt even their fault.

    .
     
  8. KingMamba

    KingMamba ELITE MEMBER

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    Time for a name change at the very least and a total overhaul at most.
     
  9. Götterdämmerung

    Götterdämmerung SENIOR MEMBER

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    @Sennheiser

    Please, don't make fun of Malaysian Airlines anymore. Don't you find it peculiar that Malaysian Airlines got targeted after the Kuala Lumpur War Crimes Commission persecuted Bush and Blair for war crimes?
     
  10. Kloitra

    Kloitra SENIOR MEMBER

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    That's stretching it a bit. When they are condemned all over the world, why would they care for a silly little organization in the other side of the world?
     
  11. Götterdämmerung

    Götterdämmerung SENIOR MEMBER

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    Because talking is cheap, but creating an institution that really takes matters in hand is different affair.
     
  12. Kloitra

    Kloitra SENIOR MEMBER

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    And that institute has no more authority or value than those 'talkers'.
    All that institute can do is publish the names of convicts on their web to condemn them. I doubt Bush and Blair even know the name of that institute. What legitimacy and power does that institute has to take any matter in its hand? May be US is pissed off at Malaysia, may be it is some sort of conspiracy. But all this for that commission?
     
  13. Götterdämmerung

    Götterdämmerung SENIOR MEMBER

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    What legitimacy does the The Haag Court have when even the US doesn't recognize it and threatened to invade the Netherlands if a US citizen get persecuted? And yet this very court has tried numerous former heads of state?
     
  14. Donatello

    Donatello PDF THINK TANK: ANALYST

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    That's because US is a Bully.
     
  15. Kloitra

    Kloitra SENIOR MEMBER

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    That is US being, as @Donatello said, a bully. Hague is a part of UN, a legitimate entity. That Malaysian commission has no international recognition.