Wednesday, 27 December 2017
Accommodative Operating Environment For Airline Industry In 2017
KUALA LUMPUR, (Bernama) -- Airlines in Malaysia had a good 2017, thanks to an accommodating operating environment, given the strong tourism growth and a continued depressed oil market throughout most of the year.
Minority Shareholder Watchdog Group (MSWG) Chief Executive Officer, Devanesan Evanson said furthermore, the strengthening of the ringgit vis-à- vis the greenback since early 2017 also favoured airlines with regard to fuel and other operating costs priced in US dollars.
Among the key challenges faced by airlines in Malaysia during the year were increasing operating costs and intensifying competition from capacity expansion, he told Bernama.
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