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Malaysia Airlines losing $1-2 million a day after air tragedies

July 29, 2014 - 6:00am


Malaysian Airline System Bhd., branded as Malaysia Airlines, is facing significant financial problems following two air tragedies involving its aircraft in 2014, Forinsurer reported citing Interfax.

Endau Analytics, a Malaysia-based aviation consultancy, said the airline is losing around $1 million to $2 million a day and the company's current budget status will allow it to be afloat for around six more months.

Malaysia Airlines flight MH 370 disappeared in March, while Malaysia Airlines flight 17 crashed in Ukraine in July.

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