Lower operating cost from its cost savings/avoidance initiatives across the group as well as lower leasing cost post its successful restructuring further contributed to the improved performance in 2021," MAG said. "Malaysia Airlines and its sister airlines will gradually add capacity for both domestic and international routes, expecting to achieve more than 70% capacity to pre-pandemic level. Malaysian sovereign wealth fund Khazanah Nasional Bhd via MAG owns Malaysia Airlines. "Its current airlines business portfolio that serves the global, domestic and segmented market comprises Malaysia Airlines — the national carrier of Malaysia, Firefly and MASwings — the regional airlines focused on serving communities across Malaysia, and AMAL by Malaysia Airlines — [a] leading one-stop pilgrimage travel solutions centre," MAG said. Read also:Malaysia Aviation Group says Russia-Ukraine conflict raises challenges in managing operating cost
