Malaysia : MASKargo sees revenue rise despite downturn

Malaysia Airlines Cargo (MASkargo) is expecting RM2.8 billion (US$782 million) in revenue this year, up from RM2.75 billion in 2007, despite challenges in the global economy, managing director Shahari Sulaiman said recently. In the second quarter this year, MASkargo achieved a nine per cent increase in revenue of RM586 million from RM538 million in the […]


A300-600 Boeing 747-200SFs Boeing 747-400F Kazakhstan MASkargo Shahari Sulaiman


Malaysia Airlines Cargo (MASkargo) is expecting RM2.8 billion (US$782 million) in revenue this year, up from RM2.75 billion in 2007, despite challenges in the global economy, managing director Shahari Sulaiman said recently.

In the second quarter this year, MASkargo achieved a nine per cent increase in revenue of RM586 million from RM538 million in the same quarter last year.

Speaking to reporters on the sidelines of the 14th World Route Development Forum (Routes KL 2008), Shahari said although there would be a reduction in terms of freight moving through the Asia Pacific, MASkargo was able to reduce some of its capacity to ensure that its operations remained viable.

“We are operating more efficiently. Although we reduced our capacity but we are still getting the same revenue or slightly higher revenue,” he said.

Air freight business accounted for 85 per cent of its revenue while about 10 to 12 per cent came from ground-handling services, including Animal Hotel.

Pointing out that China was MASkargo’s biggest market which accounted about 30 per cent of its revenue and freight, Shahari said the cargo carrier was also keen to explore new markets with the Commonwealth of Independent States (CIS) region, namely Kazakhstan.