Malaysia Airlines cuts more routes to stem losses
Flag carrier Malaysia Airlines said it would cut four more routes in Asia, a week after announcing a suspension to some global destinations as it tries to return to profit.
The airline, which has struggled to stay in the black in recent years, unveiled a business plan last week aimed at becoming profitable by 2013 that would include a route "rationalisation Noun 1. rationalisation - (psychiatry) a defense mechanism by which your true motivation is concealed by explaining your actions and feelings in a way that is not threatening
rationalization " but did not name the affected routes.
It said on Friday it would put a halt to trips from Kota Kinabalu Kota Kinabalu (kōt`ə kĭn'əbəl`), formerly Jesselton, town (1991 pop. to Osaka and Haneda in Japan, to Perth and to Seoul. The carrier added that the suspensions would come into effect between January and February.
"This suspension is until further notice and is part of our regional network consolidation involving single-aisle aircraft operations," Ahmad Jauhari Yahya, the airlines' chief executive officer, said in a statement.
The airline last week said routes servicing Rome, Johannesburg, Cape Town Cape Town or Capetown, city (1991 pop. 854,616), legislative capital of South Africa and capital of Western Cape, a port on the Atlantic Ocean. It was the capital of Cape Province before that province's subdivision in 1994. , Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop. , Karachi, Dubai, the Saudi Arabian city of Dammam, and the city of Surabaya in Indonesia, will be dropped from January.
It plans to instead bolster services to major destinations in Asia that have better prospects.
In the third quarter of this year, the airline posted its third straight quarterly loss, owing to owing to
Because of; on account of: I couldn't attend, owing to illness.
owing to prep → debido a, por causa de high fuel costs and increased competition.