MALAYSIA: MASkargo sees 2Q volume decline

Flagging demand has hit MASkargo’s operations for the second quarter with cargo traffic falling 8.2 per cent on four per cent capacity growth, resulting in a 9.1 per cent reduction in load factor to 68.5 per cent. The Kuala Lumpur-based cargo carrier did however register a two per cent yield growth for the quarter. Meanwhile, […]


Flagging demand has hit MASkargo’s operations for the second quarter with cargo traffic falling 8.2 per cent on four per cent capacity growth, resulting in a 9.1 per cent reduction in load factor to 68.5 per cent. The Kuala Lumpur-based cargo carrier did however register a two per cent yield growth for the quarter. Meanwhile, parent company Malaysia Airlines’ profits have been hindered by soaring fuel costs; a rise of 32 per cent – RM321 million (US$106 million) – from the same quarter of 2010. The airline’s operating loss came in at RM267 million ($88 million).