Malaysia Airlines Posts Substantial Loss For 2011

Malaysia Airlines’ (MAS) massive loss for 2011 is largely a result of higher fuel costs and a write-down in the value of its assets. MAS says it incurred a loss of 2.52 billion ringgit ($838 million) for the year, compared with a profit of 237 million ringgit in 2010. Operating revenue rose 5% to 13...

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