Malaysia Airlines reports 12% Q2 2016 revenue increase

Malaysia Airlines has reported an increase in revenue of 12 percent in the second quarter 2016, the company said.

The company said the load factor was 79.3 percent, a 5.3 percent increase over 74 percent in the previous corresponding quarter. Net operating loss was reduced by 7.0 percent in the second quarter.

The company realized a 14 percent increase in market share in its Kuala Lumpur-London route, growing from 45 percent to 59 percent in the second quarter.

Malaysia Air said it anticipates dominant features in 2017 will be a weak Malaysian Ringgit, Brexit uncertainty and overcapacity in the Malaysian market. The company also forecasts that unit costs will fall by a further 3 percent in 2017, and that it will transport over 15 million passengers.

Malaysia Airlines Berhad formerly known as Malaysian Airline System Berhad; is a major airline operating flights from Kuala Lumpur International Airport and from secondary hubs in Kota Kinabalu and Kuching to destinations throughout Asia, Oceania and Europe.