MAG reports RM54m net profit for 2024

BernamaPublished: Apr 17, 2025 5:06 AM

Malaysia Aviation Group (MAG) reported a net profit of RM54 million for 2024 and RM113 million in operating profit.

In a statement today, the group said it achieved robust earnings before interest, taxes, depreciation, and amortisation of RM788 million despite operational headwinds, including network cuts in the fourth quarter of 2024 (4Q FY2024), which reduced capacity by 18 percent.

MAHB share sale will not affect national security - Transport Ministry

Warisan: S'wak soars in Air Borneo, Sabah crashes with 'Borneo scandal'

S'wak premier declines to reveal cost of MASwings acquisition

Staff who punched foreigner in KLIA suspended from duty - Loke

Wan Zulkiflee steps down as Malaysia Aviation Group chairperson

MAG offers compensation, flight reallocations amid customer service delays

Comment0

By posting a comment, you agree to our Commenting Terms and Conditions as stipulated in full here.

Do's and don'ts when posting comments in Malaysiakini

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.

Subscriber-only space: