Aviation Intelligence Database · Airline profile
Airline profile
Company-reported performance, unit economics, balance-sheet and fleet metrics from FY2022 to the latest published period. Metrics are in the same order as the Airline Comparison tool.
At a glance
Latest reported period
Trends
Performance over time
Headline metrics and the gap between unit revenue and unit cost, FY2022 to the latest period.
Metrics
Full-year history
Analysis
What the numbers say
More detail
Additional disclosures
Guidance vs actual
Did the airline deliver?
What management guided at the start of each financial year compared with what was reported. Within the guided range = met; for cost metrics, below the range = beat.
Fleet & orders
Fleet composition
Key events
What moved the numbers
Peers
Compare with peers
FAQ
Frequently asked questions
Methodology
How to read this page
Every figure keeps the company’s own reporting period, currency, entity scope and terminology. Partial periods are not annualised, currencies are not converted and missing KPIs are not estimated. The first 14 rows are the metrics used in the Airline Comparison tool.
- Fiscal years are labelled by the calendar year in which they end (a year to 31 Mar 2025 appears as FY2025). The exact period end is shown in the first row, with a link to the source document.
- Quarters follow the company’s reporting calendar; the company’s own label is noted beneath the period.
- YoY change compares with the same period one year earlier: % change for amounts, percentage points (pp) for ratios. Green means favourable (for costs, a fall is favourable). n.m. = not meaningful.
- Operating margin is operating result ÷ revenue unless the company defines its own margin (marked D).
- Sources: annual reports, interim results and traffic statements. See Data & Research.
Text version of the Malaysia Airlines data on this page
Malaysia Airlines data snapshot
- Scope: Malaysia Aviation Group (MAG): Malaysia Airlines, Firefly, AMAL and services units
- Region: Asia-Pacific
- Business model: Network airline group
- Financial year end: 31 Dec
- Reporting currency: MYR
- Latest period: FY2025
- Last updated: 2026-09-25
Latest read
Malaysia Aviation Group's 2025 net profit more than doubled to RM137m on 6% revenue growth to RM14.5bn and 16% more capacity. EBITDA doubled to RM1.6bn, helped by a stronger ringgit and lower fuel. Management has since warned that 2026 is under significant pressure, with jet fuel around US$160/bbl, after profitable trading in January and February.
Reported metrics by period
- FY2023 (FY2023 · calendar year): EBITDA / EBITDAR: RM1.97bn EBITDA; Net profit: RM766m NIAT (Net profit after interest and tax); Load factor: 77%.
- FY2024 (FY2024 · calendar year): EBITDA / EBITDAR: RM788m EBITDA; Net profit: RM54m NIAT (Net profit after interest and tax); Load factor: 80%.
- FY2025 (FY2025 · calendar year): Passengers: 18.6m (+12% YoY); Revenue: RM14.5bn (+6% YoY); Operating profit / result: RM1.6bn EBITDA (Group; operating profit not disclosed in the release); Operating margin: 11.0% EBITDA margin (EBITDA ÷ revenue); EBITDA / EBITDAR: RM1.6bn EBITDA (+104% YoY); Net profit: RM137m NIAT (More than double FY2024's RM54m); Load factor: 81% (+1pp); Capacity / ASK: 53.2bn ASK (+16% YoY); Fleet growth / guidance: 737-8/737-10 and A330neo renewal (Long-haul renewal on track).
Group financial history
RM. Group level including Firefly, AMAL, MAB Kargo and MAB Engineering.
| Year | Revenue | EBITDA | NIAT | Passengers | Load factor | ASK |
|---|---|---|---|---|---|---|
| 2023 | Not disclosed | 1.97bn | 766m | Not disclosed | 77% | Not disclosed |
| 2024 | Not disclosed | 788m | 54m | Not disclosed | 80% | Not disclosed |
| 2025 | 14.5bn | 1.6bn | 137m | 18.6m | 81% | 53.2bn |
Outlook
No numerical guidance was provided. Management said FY2026 faces significant pressure from elevated fuel prices following the West Asia conflict.
- Fuel costs versus fare recovery in 2026.
- Delivery timing of Boeing 737-8/737-10 and Airbus A330neo aircraft.
- Execution of Long-Term Business Plan 3.0 to 2030.
- Firefly's recovery after 2024 capacity cuts.