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Missing Malaysia Airlines plane 'a mystery' | |
(about 1 hour later) | |
Shares in Malaysia Airlines fell 18% to a record low as the search for a missing jet continued for a third day. | |
A multinational team has been looking for Flight 370 since Saturday after it disappeared en route from Kuala Lumpur to Beijing. | A multinational team has been looking for Flight 370 since Saturday after it disappeared en route from Kuala Lumpur to Beijing. |
Shares in the firm recovered some of the early fall, but are already down more than 30% for the year. | |
China Southern, which operated Flight 370 as a code share, also saw its shares fall by more than 3%. | |
Malaysia Airlines has been struggling as low cost carriers have increased competition in the region. | Malaysia Airlines has been struggling as low cost carriers have increased competition in the region. |
A planned share swap with budget airline Air Asia was called off in 2012, after pressure from Malaysia Airline's unions forced the firm to scrap the proposal. | A planned share swap with budget airline Air Asia was called off in 2012, after pressure from Malaysia Airline's unions forced the firm to scrap the proposal. |
In 2013, Malaysian Airline System, the firm that operates Malaysia Airlines, reported a loss of 1.17bn ringgit ($360m) compared with a 432m ringgit loss in 2012. | In 2013, Malaysian Airline System, the firm that operates Malaysia Airlines, reported a loss of 1.17bn ringgit ($360m) compared with a 432m ringgit loss in 2012. |