Bellew had taken over from Christoph Mueller, who had originally, together with some others, penned the airline’s turnaround plan (the 12-point MAS Recovery Plan or MRP 2014) to steer it to profitability by end-2017. “I am clear on what I am supposed to do to fix MAS, although it is not an easy task. MAS’ CASK was 15 sen before the fuel cost, and passenger RASK was 17.5 sen as at the third quarter of 2017. MAS’ RASK in US dollar terms is about 4.4 cents compared with eight cents for Cathay Pacific, Singapore Airlines (6.9), Thai International (6.2), Garuda (6) and AirAsia (3.5). A 10-sen rise in the US dollar impacts MAS by RM100mil and a US$1 rise in fuel cost impact is around RM50mil, says Izham.

Source: The Star December 22, 2017 23:03 UTC