Malaysia Airlines - Malaysian Airline System Berhad

11/24/2022 | Press release | Distributed by Public on 11/23/2022 21:22

Malaysia Airlines Implements Route Rationalisation Exercise

KLIA, 24 November 2022: Malaysia Airlines will be undertaking a route rationalisation exercise as part of its ongoing business review. The exercise will be implemented in Q1 2023 with the suspension of the Kuala Lumpur-Brisbane route effective 27 March 2023. Operations on non-stop flights between Kuala Lumpur to four (4) other existing Australian destinations, namely Adelaide, Sydney, Perth, and Melbourne, will continue without change, providing up to 43 direct services a week between Australia and Malaysia.

Customers travelling to Brisbane can leverage on Malaysia Airlines' codeshare and oneworld partner, Qantas and connect from Sydney and Melbourne to Brisbane (BNE) after the suspension of the KULBNE direct flight.

Group Chief Executive Officer of Malaysia Airlines Berhad, Captain Izham Ismail said, "After a thorough business review, we have made a difficult decision to suspend our operations into Brisbane to ensure we operate and utilise our fleet at an optimum level, as well as maximising revenue on every route we fly to, while facing strong headwinds from the continued increase in fuel cost, forex and interest rate.

Our forward booking to other Australian cities is very encouraging with strong demand up to and beyond the first quarter of 2023, with forward bookings significantly ahead of the same period in 2019. We remain focused on ramping up our network to achieve full recovery by 2024. To date, we have deployed capacities at 76% year-to-date and anticipate ending the year with 82% capacity of prepandemic level network-wide but Australia has rebounded quicker, and excluding the suspension of Brisbane, Malaysia Airlines' Australia network will be at 98% capacity of pre-pandemic levels by March 2023.

This year we added new destinations from Kuala Lumpur to Doha, Haneda and Yogyakarta as well as from Kota Kinabalu to Singapore; and will continue to explore markets that spur economic growth for the country, whilst helping business and trade. We remain steadfast in our long-term goals of driving growth in every aspect of our business for market relevance." Malaysia Airlines continues to maintain stable connectivity between Malaysia and Australia, and to quickly rebuild traffic between the two countries to boost economic growth and support business and trade. The last flight on this route will depart Brisbane to Kuala Lumpur on 26 March 2023 via MH134.