MASkargo hopes for $1.37 bn revenues in 2013

Situation worse than 2011, the worst year so far

2011 cargo business China economic uncertainty Europe exciting quarter fourth quarter global cargo industry growth trend Japan MASkargo Mohd Yunus Idris revenues

Malaysian loss-making national carrier’s cargo unit, MASkargo hopes to gain revenues of $1.37 billion (MYR 2.4 bn) next year despite the economic uncertainty in Europe and the growing tension between China and Japan. According to chief executive Mohd Yunus Idris, there will not be any profits and the situation could be worse than 2011, the worst year when the unit reported a loss of MYR19 million.

Idris said: “The fourth quarter used to be the exciting quarter for the cargo business. But I cannot give an assurance now as the global cargo industry has lost its growth trend.”