Malaysia Airlines Berhad (“MAB”) is pleased to announce its latest quarterly update, in line with its commitment to good corporate governance and transparency.

MAB showed steady progress in the period July to September 2016 (Q3), with cost control continuing to be the central focus and the airline on target to deliver ahead of budget. The quarter saw a marked improvement in revenue and passenger loads. The airline’s customer service index continued to recover as product improvements were steadily introduced in the quarter.

Malaysia Aviation Group Berhad Group Chief Executive Officer Peter Bellew said: “The focus in the first half was on reducing costs and improving the customer experience. From July 2016 we began to push hard on revenue generation with more aggressive sales and marketing initiatives. Passenger load factor for Q3 improved to 79% from 69% in Q2 and 74% in the comparative Q3 of 2015. The quarter saw expansion plans with an order of up to 50 new Boeing 737 MAX aircraft. Malaysia Airlines has also expanded its network as it launched nine new routes to China for 2017. The new lie flat seats and upgraded food in business class on our widebody aircraft has seen a 20% increase in forward bookings for the next six months. Further progress was also made in developing Malaysian leadership succession, with the appointment of Capt Izham Ismail as COO.’’