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Bloomberg
Malaysia Airlines Bhd said air travel demand will remain subdued and it expects a full recovery after the end of 2023, amid a resurgence of Covid cases in many countries.
The national flag carrier has cut more than 1,500 jobs and plans to reduce capacity further as part of the restructuring it began in October, CEO Izham Ismail said in a briefing.
The airline aims to transform into a global travel group as “pure play†airline is not sustainable, Izham said.
Aviation industry may consolidate as airlines globally contend with travel curbs and targeted lockdowns to combat new waves of Covid cases; domestic travel market conditions to become “worse†post pandemic.