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Article: Malaysia Airlines reviews unprofitable routes amid cost-cutting measures, report says
- Article from:
- AP Worldstream
- Article date:
- June 2, 2008
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Malaysia Airlines will review unprofitable routes and freeze recruitment as part of wide-ranging measures to cut costs, the national news agency reported Monday.
The airline also plans to reduce the budget of all its divisions by 10 percent and stop spending on office refurbishment until further notice, managing director Idris Jala was quoted as saying by Bernama news agency.
"It is the worst time for the airline industry. We are, however, cautiously optimistic," Bernama quoted Idris as saying on the sidelines of an international aviation meeting in Istanbul, Turkey.
Idris did not specify which routes might be affected by the cost-cutting, but said the ...