The loss was due to higher operating expenses such as fuel cost and foreign exchange losses,
For the full year, the carrier made a net loss of
This was largely due to higher staff costs, depeciation of property, plant and equipment, higher fuel which increased 52.5 per cent to
The loss was also attributed to maintenance, overhaul, user charges and other related expenses, higher aircraft operating lease expense and the strengthening of the US dollar against the ringgit which translates into a exchange losses of
"Barring any unforeseen circumstances, including natural disasters, epidemics, economic downturn, fuel price hike and fluctuation in foreign currencies against the ringgit, the company expects its prospects to remain positive," it said.
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