You can take it both ways. But whether it is this post on Malaysian Airlines (MAS) that is old news, or MAS - the airline - itself, the facts remain: MAS is on a downhill path. A net loss of RM367.7 million in the second quarter (Q2) of 2005 is not the problem. It merely underscores the pervasive problems MAS is suffering from.
But patriotism tends to blur the facts. Some have pointed to AirAsia as part of MAS’ woes, claiming that the low cost carrier does “…affect the business of the scheduled airlines unless the scheduled carrier is a fully international airline like Singapore Airlines.” Well, it would be difficult to deny that low cost carriers pose a significant challenge to large, bulky and lumbering airlines like MAS, but the real reasons for that must be made clear. AirAsia is just more cost and price-competitive. MAS just lacks proper management. Period.
Of course, we are given reason to hope. On Feb. 9, it was announced that Malaysia Airlines’ “comprehensive business turnaround plan” will be out to fry on Feb 27. Apparently, we’ll be looking at “…several elements to ensure the airline’s cashflow survival, profit turnaround and human resource development.”
Now, let’s hope that the word “turnaround” wasn’t being used lightly (or worse still, sarcastically). After all, there’s still another five days to the miracle announcement that will salvage our dreams for a self-sustaining national carrier. That’s more than enough time for hope to build up - enough hope to destroy whatever confidence that we have left for the future of one of our most favoured national assets.