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MAS a typical Malaysia Boleh! bullshit!
KUALA LUMPUR, May 23, 2025: Singapore Airlines (SIA) made a record RM9.19 billion last year. What did Malaysia Airlines (MAS make? RM54 million.
And SIA has announced a 7.45 month bonus payout to reward its dedicated and productive staff.
Compare that with MAS, asking for more bailouts to buy new aircraft!
Malaysians have the governments of Malaysia (now the Madani Unity Government) to thank for MAS’ “outstanding performance”.
And it is all due to appointing “competent” Chief Executive Officers (CEO) based on skin colour, not merit and competency.
No News Is Bad News reproduces below news reports on SIA and MAS:
If SIA Can Make RM9.19 Billion, Why MAS Is Still Struggling With RM54 Million?
in Insights
Singapore Airlines (SIA) is once again making global headlines. For the third consecutive year, the airline has posted a record net profit of RM9.19 billion (S$2.78 billion) for the financial year ending March 2025. Alongside this, it announced a generous 7.45-month bonus for its staff, making it one of the most substantial payouts in the global airline industry.
This impressive performance was driven in part by a one-time accounting gain of S$10.98 billion from the completed merger between Air India and Vistara, in which SIA holds a stake. The airline also carried 39.4 million passengers, an 8.1 percent increase compared to the previous year, and recorded total revenue of S$19.54 billion.
Despite its strong financial position, SIA remains cautious. The airline has identified ongoing risks such as geopolitical tensions, global trade uncertainties, and supply chain disruptions, all of which could impact both travel demand and cargo operations.
“The global airline industry faces a challenging operating environment,” SIA said in a statement. “We remain vigilant and ready to respond swiftly.”
What About Malaysia Airlines?
Here in Malaysia, Malaysia Airlines is telling a quieter, yet equally important story.
Under the umbrella of Malaysia Aviation Group (MAG), the national carrier closed 2024 with a net profit of RM54 million. While this is a sharp decline from the RM766 million profit reported in 2023, it still represents a commendable achievement, especially considering the significant operational challenges faced in the final quarter of the year.
MAG was forced to reduce its flight capacity by 18 percent, cancelling over 6,000 flights due to global supply chain issues, aircraft delivery delays, extended maintenance times, and workforce shortages. Despite these disruptions, the airline remained in the black, supported by a RM426 million reversal of previously recorded asset impairments during the pandemic period.
In recognition of its employees’ dedication, MAG will pay bonuses of up to 2.5 months’ salary, based on individual performance. Although this is more modest than SIA’s payout, it reflects the group’s financial discipline and commitment to rewarding its workforce within sustainable limits.
Two Airlines, Two Strategies, One Focus on the Future
Both Singapore Airlines and Malaysia Airlines ended the year with a profit, but they are operating at different scales and at different points in their growth journeys. Each airline is making strategic decisions suited to its position in the market.
Category | Singapore Airlines (SIA) | Malaysia Airlines (MAG) |
Net Profit (2024) | RM9.19 billion (S$2.78 billion) | RM54 million |
Staff Bonus | 7.45 months | Up to 2.5 months |
Passenger Movement | 39.4 million, up 8.1% | Over 6,000 flights cancelled |
Future Plans | Dual-brand global expansion | Fleet and network expansion by 2030 |
SIA’s advantage comes from its established global network, strong branding, and its two-pronged model combining full-service and low-cost operations through Scoot.
Malaysia Airlines is still in a rebuilding phase, but it is making consistent progress under its Long-Term Business Plan 3.0. The group plans to increase its fleet from 87 to 120 aircraft by 2030, and expand its route network to 102 destinations. The introduction of fuel-efficient Airbus A330neos and Boeing 737-8s is expected to lower operational costs and offer passengers a better travel experience.
Quiet Strength, Meaningful Progress
For many Malaysians, Malaysia Airlines represents more than a business. It is a symbol of national pride. After years of restructuring, including route rationalisation, workforce reduction, and asset realignment, MAG has now achieved two consecutive years of profit.
What makes this even more significant is that it was accomplished without additional capital injections from its main shareholder, Khazanah Nasional Berhad. Under the 2021 restructuring plan, Khazanah had allocated up to RM3.6 billion in capital support for MAG through 2025. By the end of 2024, however, only RM1.3 billion had been utilised; a strong indication of financial independence and improved internal management.
In an industry known for thin margins and volatility, staying profitable while recovering from structural changes is no small feat. Malaysia Airlines may not yet match SIA’s global footprint, but its ability to operate sustainably in a tougher environment should not be underestimated.
The Road Ahead
Both carriers face similar global pressures in the year ahead. Trade policies, fuel costs, supply chain issues, and rising geopolitical uncertainty remain threats to profitability and operational stability.
SIA is navigating these risks from a position of strength, backed by scale and deep investment over the years. MAG is approaching the future more cautiously, focusing on operational efficiency, strategic fleet expansion, and strengthening its workforce.
Both airlines are investing in their people, improving their fleets, and preparing for long-term growth, even amid unpredictable external conditions.
Singapore Airlines is reaping the rewards of past investments and global expansion. Malaysia Airlines, though smaller and more cautious, is proving that stability, strategy, and financial discipline can lead to meaningful, lasting recovery.
Singapore Airlines posts record annual profit of S$2.8 billion; staff to get 7.45 months' bonus
SIA also said its employees will receive a profit-sharing bonus, but declined to disclose further details.
Singapore Airlines planes sit on the tarmac at Changi Airport in Singapore. (File photo: Reuters/Caroline Chia)
15 May 2025 06:54PM(Updated: 16 May 2025 10:30AM)
SINGAPORE: Singapore Airlines (SIA) reported a record annual net profit on Thursday (May 15), boosted by a one-off gain from the merger of Air India and Vistara, but lower air fares in response to increased competition weighed on operating profit.
Singapore's flag carrier said net profit was S$2.78 billion (US$2.14 billion) for the year ended Mar 31, compared with S$2.68 billion a year earlier.
The airline group recognised a one-off gain of about S$1.1 billion after completing the merger of its 49 per cent-owned Indian carrier Vistara with Air India last November.
Its operating profit fell 37 per cent from a year earlier, however, to S$1.71 billion, as passenger yields - a proxy for airfares - dropped by 5.5 per cent due to stiff competition as airlines globally added capacity.
Employees will be rewarded with a profit-sharing bonus of 7.45 months.
"This is based on a long-standing formula that has been agreed with our staff unions," SIA said in response to CNA's queries.
In the previous financial year, SIA gave its employees 7.94 months' worth of profit-sharing bonus, the highest in the airline's history.
While the airline carried a record annual number of passengers and described demand as robust, increased capacity in the industry drove ticket prices down, while fuel and expenditure rose, squeezing profit margins.
Following warnings from other carriers world-wide, SIA said US-led tariffs were likely to hit consumer and business confidence and weigh on passenger and cargo markets.
Annual cargo revenues rose 4.4 per cent on strong e-commerce and perishables demand, and from disruption to Red Sea shipping, but freight yields fell 7.8 per cent due to increased competition.
US carriers such as American Airlines and Delta pulled their forecasts, while Asian major Cathay Pacific said air cargo demand between mainland China and the US was likely to fall.
SIA declared a final dividend of 30 Singapore cents per share, lower than 38 Singapore cents declared a year earlier.
The Air India-Vistara merger, completed on Nov 12 last year, gives SIA a 25.1 per cent stake in Air India, allowing it to "participate directly in the fast-expanding Indian aviation market", said SIA.
On the industry's outlook, SIA said that the global airline industry faces a "challenging operating environment amid changing tariff policies and trade tensions, economic and geopolitical uncertainties, and continued supply chain constraints".
The group said it will remain vigilant and closely monitor developments so it is able to react swiftly to market conditions.
It also noted that shifts in global passenger and trade flows may create new opportunities for the group due to its "well-diversified global passenger and cargo network".
"While global uncertainties remain, the Group is in a strong position to focus on profitability, while pursuing growth opportunities and ensuring long-term value creation for shareholders."
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