EXPLAINER-Malaysia Airlines' survival in doubt as political support dims [Reuters]
Air Lease Corporation Class A (AL)
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Source: Reuters
By Anshuman Daga , Liz Lee 5 Min Read SINGAPORE/KUALA LUMPUR, Oct 13 (Reuters) - Malaysia Airlines is struggling to make payments owed to creditors and lessors amid the coronavirus pandemic that has forced it to slash its operations. The national airline, which restructured after two deadly crashes in 2014, has a new plan involving big discounts from creditors, but unlike last time the cash-strapped government is unwilling to bail it out. The airline has been loss-making for about a decade. Losses were aggravated by two tragedies in 2014 - the mysterious disappearance of flight MH370 and the shooting down of flight MH17 over eastern Ukraine. In the price-sensitive domestic market, it faced rising competition from low-cost rivals AirAsia Group Bhd and Malindo Air, an offshoot of Indonesia’s Lion Air. In the international market, cashed-up Gulf carriers Emirates, Etihad Airways and Qatar Airways used the heft of their global networks to encroach on lucrative long-haul routes. Budget ri
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AL
Earnings
- 2/15/24 - Beat
AL
Sec Filings
- 4/10/24 - Form SC
- 4/5/24 - Form SC
- 4/4/24 - Form DEFA14A
- AL's page on the SEC website