MAS delaying Q3 results to include more details

The two major plane accidents suffered by MAS has caused falling passenger numbers and yields. — AFP pic
The two major plane accidents suffered by MAS has caused falling passenger numbers and yields. — AFP pic

KUALA LUMPUR, Nov 18 —  Malaysian Airline System Bhd has delayed the release of its third-quarter results to Nov. 28 to allow time to include more details, a representative said.

The state-run company, also known as MAS, was scheduled to report results for the July-September period today, its last set of earnings before going private. The third quarter would have been one of its worst ever quarters as passenger numbers fell and yields dropped after the loss of its two jets this year, according to analysts.

An MAS investor relations official told Reuters the company missed some details that needed to be included in the earnings results and hence the delay. The official did not clarify further. — Reuters

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