Malaysia Airlines: One year after devastating MH370 tragedy

One year after the disappearance of flight MH370, doubts remain if Malaysia Airlines (MAS) can recover from the financial and reputational damage brought on by the tragic incident. A commercial plane operated by Malaysia’s flagship carrier vanished during a routine flight from Kuala Lumpur to Beijing last March; debris has yet to be found . What caused the plane to disappear remains a topic of speculation and has become the aviation world’s biggest mystery to date.

I tend to avoid Malaysia Airlines after those accidents last year.

Singaporean Paige Kwok, who said she could not shake off the coincidence of an airline experiencing two accidents within months

Accusations were leveled at MAS for its mismanagement of the search effort and dealings with families of the 239 passengers on board flight MH370. The public backlash worsened in July 2014 when Malaysia Airlines flight MH17 was shot down by a missile in Ukrainian airspace during a territorial conflict between Russia and Ukraine. The twin tragedies hit the airline’s balance sheet. In its last earnings report before being privatized by Malaysian sovereign fund Khazanah Nasional in December, the carrier posted a net loss of 576 million ringgit ($160 million) for the July-September period. That brings losses for the first nine months of 2014 to 1.32 billion ringgit ($362 million).

The few inquiries we do receive are mostly for flights to China since MAS is one of the cheapest airlines flying there.

Chan Brothers, one of Singapore’s largest travel agencies

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