Can Malaysia Airlines survive MH17 disaster?

July 19, 2014 
 
No airline has gone through two tragedies of this magnitude in a span of four months.

mas17300BEIJING: Malaysia was still reeling from the impact of flight MH370′s March disappearance when news of MH17′s crash in Ukraine broke on Thursday. Now many question whether the carrier can survive a second disaster in such a short time.

“It is a tragedy with no comparison. In the history of aviation, no airline has gone through two tragedies of this magnitude in a span of four months,” said Mohsin Aziz, an aviation analyst at Maybank.

“Even before the second incident, I have been very sceptical over the company’s ability to survive beyond the second half of 2015. They are making huge losses … This is probably going to hasten that.

“It doesn’t matter who is at fault. The perception to the customer is ‘I don’t want to fly Malaysia Airlines any more’, and to battle that is not easy.”

The Guardian reports shares in the carrier fell sharply on Friday, down 11% by the midday break in trading in Kuala Lumpur, as already negative investor sentiment deepened. In all, it has dropped by 35% this year.

Questions were also raised about the airline’s choice of route, after it emerged that some other carriers had avoided the area for months – though many companies were flying in the same area, rerouting only after Thursday’s disaster.

The carrier, and the Malaysian government, came under heavy criticism for its handling of MH370′s disappearance – particularly in China, which lost more than 150 nationals in that disaster.

Prior to MH370′s disappearance, Malaysia Airlines was making losses but seemed to be improving, said Mohsin; it was reducing operating costs and selling more tickets. But while its flights were increasingly full, it had not managed to bump up its fares.

Now the airline’s previously strong safety record has effectively been erased for passengers by two such losses. According to the International Air Transport Association, there was an average of 517 deaths annually in commercial aviation incidents between 2009 and 2013. Now a single airline appears to have surpassed that death toll in a single year.

“People are only willing to fly with Malaysia Airlines if the ticket price is really, really cheap,” said Mohsin.

The airline has also faced additional costs, such as supporting the families of victims and increasing its spending on marketing.

Reuters reported earlier this month that Malaysian state investor Khazanah Nasional Bhd planned to take MAS private as the first step towards restructuring the company, citing two unnamed sources.

“For it to completely disappear would be too much of a loss of pride for Malaysia,” said the Maybank analyst. “It is more realistic or probable for the government to intervene directly or via Khazanah.” - The Guardian









http://www.freemalaysiatoday.com/category/nation/2014/07/19/can-malaysia-airlines-survive-mh17-disaster/

Comments

Post a Comment

Popular posts from this blog

Image
7 Salamun / 7 Ayat Keselamatan (Salamun) 7 Ayat Keselamatan (Salamun) ini dibaca masing-masing 7x setiap sehabis sholat subuh dan maghrib, InsyaAllah kita akan terbebas dari segala macam bahaya dan mendapat perlindungan Allah SWT 1. Salamun Qaulam Mirrabbirrahim 7x 2. Salamun Ala Ibrahim 7x 3. Salamun Ala Nuhin Fil Alamin 7x 4. Salamun Ala Musa Wa Harun 7x 5. Salamun Alaikum Thibtum Fadhkhuluna Khalidin 7x 6. Salamun Ala Ilyasin 7x 7. Salamun Hiya Hatta Mat La'il Fajr Telah kubaca ayat-ayat suci di dalam Qalam Ilahi, dalam surat As-Shaffat. Ada satu hal yang sangat membuat jiwa ini ikut merindukan untuk mendapatkannya. Di dalam surat As-Shaffat dikisahkan para Nabi dan Rasul yang mulia. Para utusan Allah tersebut mendapat ucapan salam. Sebuah salam yang sangat indah. Sangat indah sekali.. Karena salam itu berasal dari Ar-Rahim, Allah Yang Maha Penyanyang: “Salamun ‘ala nuhin fil ‘alamin.” “Kesejahteraan (Kami limpahkan) atas Nuh di seluruh alam.” “Salamun ‘...
Read more
Image
Resepi Perut Lembu Panggang     Assalamualaikum… Bila dah berkahwin, macam-macam makanan yang Zifa jumpa. Maklumla kahwin dengan berlainan negeri. Kalau kahwin sama-sama kampung tak merasa la pengalaman berada di negeri orang. Sebab itu digalakkan kita mencari ilmu sampai ke negeri China. Banyak perkara baru yang dapat kita perolehi. So, entry kali ini Zifa nak berkongsi satu resepi keluarga yang Zifa belajar dari mak mertua Zifa iaitu resepi perut lembu bakar. Meleleh pulak. Ini adalah antara resepi dan makanan yang Zifa baru jumpa dan cuba sejak berkahwin. Zifa memang minat dengan apa-apa makanan yang berasaskan perut lembu. Di Terengganu, resepinya lain skit. Nanti akan dikongsikan kemudian. Actually perut lembu yang dimaksudkan dalam resepi ini adalah perut bulat iaitu usus lembu yang panjang-panjang tu. Suami panggil nama ‘perut bulat’. Tak tau la pulak hang pa panggil apa. Orang Utara panggil esau atau perut muda. Jom....
Read more
Image
        BOMOH HAJI JAMIL KG GANGSA, DURIAN TUNGGAL, MELAKA Penawar Batu Karang Hempedu dan lain-lain penyakit     Salam pagi Jumaat Hari baik2 ni nak ler berkongsi dgn u all pasal penyakit batu karang yer kot2 ada yang mencari2 perubatan tradisional meh sini I nak share mende2 baik ni kita kena kongsikan bersama Pagi2 buta sebelum suboh dah tercongok kat sini bukan aku yang sakit temankan ajer sebab kesian sakitnya dah teruk sgt sampai nak kena buat operations So sebagai mencari alternatif lain tak salah rasanya kalau nak mencuba rawatan tradisional cuma aku tekankan kat sini kalau bomoh yang pakai jampi serapah contoh cam kemenyan tu sorilah dah sah2 aku sendiri pun tak percaya khurafat lagi (baru jer feeling2 nak bodek Mr Y pi tengok citer khurafat..tp ada blogger kata tak serem punnn...cancell) So kalau korang pi sini tak perlu bawa air...botol beli jer kat sini...yang besar tu harganya RM2 ... so kami beli dua sebab apa aku expla...
Read more